Market Growth, Structural Change, and the Gains from the Uruguay Round

Posted: 14 Aug 1998

See all articles by Christian Friis Bach

Christian Friis Bach

University of Copenhagen - Department of Economics

Betina Dimaranan

International Food Policy Research Institute; Purdue University - Department of Agricultural Economics

Thomas W. Hertel

Purdue University - Center for Global Trade Analysis; Center for Robust Decisionmaking on Climate & Energy Policy (RDCEP)

Will J. Martin

International Food Policy Research Institute (IFPRI)

Abstract

Market growth and structural changes will affect the results of quantitative analyses of the Uruguay Round. Rapid economic growth in Asia and relatively deeper cuts in protection in that region, result in larger proportionate welfare gains in the year 2005 than in the year 1992. We also find that changing comparative advantage and shifts in global demand result in substantial changes in the restrictive effects of the bilateral quotas on textiles and apparel. Accounting for the factors associated with market growth and structural change adds 30% to our estimates of global welfare gains from the Uruguay Round.

JEL Classification: F1, L1

Suggested Citation

Bach, Christian Friis and Dimaranan, Betina and Hertel, Thomas W. and Martin, William J., Market Growth, Structural Change, and the Gains from the Uruguay Round. Available at SSRN: https://ssrn.com/abstract=114508

Christian Friis Bach (Contact Author)

University of Copenhagen - Department of Economics ( email )

Øster Farimagsgade 5
Bygning 26
1353 Copenhagen K.
Denmark
(45) 35 32 44 01 (Phone)
(45) 35 32 30 85 (Fax)

Betina Dimaranan

International Food Policy Research Institute ( email )

2033 K Street NW
Washington, DC 20006
United States
(202) 862-8155 (Phone)
(202) 467-4439 (Fax)

Purdue University - Department of Agricultural Economics ( email )

West Lafayette, IN 47907-1145
United States
(765) 494-4318 (Phone)

Thomas W. Hertel

Purdue University - Center for Global Trade Analysis ( email )

Department of Agricultural Economics
1145 Krannert Building
West Lafayette, IN 47907-1145
United States
765-494-4199 (Phone)
765-494-9176 (Fax)

Center for Robust Decisionmaking on Climate & Energy Policy (RDCEP) ( email )

5735 S. Ellis Street
Chicago, IL 60637
United States

William J. Martin

International Food Policy Research Institute (IFPRI) ( email )

1201 Eye St, NW,
Washington, DC 20005
United States

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