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Quantifying the Uruguay Round

Bibliographic Data

ID9709616
AuthorsGlenn W Harrison (0000-0003-1837-8020, University of South Carolina), Thomas F Rutherford (0000-0002-1998-0999, University of Colorado), David G Tarr (0000-0003-1016-4984, World Bank)
Year1997
Volume107
Issue444
Pages1405-1430
Publication date1997-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic Journal (JOURNAL)
Journal identifiersISSN: 0013-0133 • E-ISSN: 1468-0297
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.1997.tb00055.x
OpenAlexW1964760198
LanguageEN
Citations received25
References cited25

The effects of the Uruguay Round are quantified using a numerical general equilibrium model which incorporates increasing returns to scale, 24 regions, 22 commodities, and steady state growth effects. We conclude that the aggregate welfare gains from the Round are in the order of $96 billion per year in the short run, but could be as high as $171 billion per year in the long run after capital stocks have optimally adjusted. Despite these global gains, we identify some developing countries that lose from the Round in the short run. In the long run, almost all gain, and the Round will allow developing countries to gain further through their own unilateral liberalisation

Capital (architecture · Developing country · Econometrics · Economic growth · Economics · Geography · International economics · Liberalization · Market economy · Monetary economics · Short run · Welfare · Economic Theory and Policy · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact

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Unique citing works25
Citations per year0,83
Citation span1996 - 2021 (26)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 24
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