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GTAP Resource #2121

"Impacts of Trade Reform: Sensitivity of Model Results to Key Assumptions"
by Valenzuela, Ernesto, Kym Anderson and Thomas Hertel

The WTO’s Doha Development Agenda has generated demand for estimates of the potential economic consequences of global trade reform. Recent improvements in the GTAP dataset have provided a much better representation of tariff restrictions as of 2001. However, despite its use by most global trade modelers, substantial differences in results emerge from different computable general equilibrium exercises. To help understand these differences, this paper examines the sensitivity of full global and regional trade liberalization results from the GTAP model, using the GTAP version 6.1 database, to different assumptions about factor mobility, fiscal neutrality, macro-economic closure, and trade (Armington) elasticities.

Resource Details (Export Citation) GTAP Keywords
Category: 2006 Conference Paper
Status: Published
By/In: International Economics and Economic Policy 4(4): 395-420, February. An earlier version was presented at the 9th Annual Conference on Global Economic Analysis, Addis Ababa, June 2006
Date: 2008
Created: Anderson, K. (5/15/2006)
Updated: Valenzuela, E. (4/14/2008)
Visits: 4,025
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