A User's Guide to Uruguay Round Assessments
CEPR Discussion Paper Series No. 1410
Posted: 7 Feb 1997
Date Written: June 1996
In this paper we provide a broad overview of the computable general equilibrium (CGE) literature on the Uruguay Round, detailing the policy experiments of various studies and differences in model structures and relating these to the overall pattern of results. We supplement this overview with a discussion of implementation and offsetting factors. Overall, the literature points to significant potential gains from the Uruguay Round, particularly from non-tariff barrier (NTB) liberalization. Strict monitoring and enforcement of NTB-related provisions would yield significant benefits, while lax implementation would imply significant missed opportunities.
JEL Classification: F13, F47
Suggested Citation: Suggested Citation