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GTAP Resource #3641

"International Inequality Impacts of Multilateral Liberalization"
by Keeney, Roman and Amanda M. Countryman

This study uses a global economic modeling framework to report the outcomes of a full reform experiment consistent with liberalizing global trade in a WTO/Doha context. Our approach to assessing inequality expands on traditional measures which are confounded by the need to evaluate the entire cross-country distribution. In fact, we complement such a measure by using a sign consistency statistic over income groupings, to locate potential for inequality improvement in a neighborhood of the initial income distribution. In general, we conclude (in accordance with previous welfare focused studies) that market access is the most important of the three pillars of the Doha Development Agenda (DDA) for generating benefits for least developed/low income countries. Further, we find that allowing free market access to low income country imports has the greatest potential benefit for reducing inequality located at the bottom of the cross-country income distribution.

Resource Details (Export Citation) GTAP Keywords
Category: 2011 Conference Paper
Status: Published
By/In: Presented at the 14th Annual Conference on Global Economic Analysis, Venice, Italy
Date: 2011
Created: Countryman, A. (4/15/2011)
Updated: Countryman, A. (6/21/2011)
Visits: 1,397
- Agricultural policies
- Economic development

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