Assessing the potential cost of a failed Doha Round
This study offers new conclusions on the economic cost of a failed Doha Development Agenda (DDA). We assess potential outcome of the Doha Round as well as four protectionist scenarios using the MIRAGE Computable General Equilibrium (CGE) model. In a scenario where applied tariffs of World Trade Orga...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | Inglés |
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Cambridge University Press
2010
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| Online Access: | https://hdl.handle.net/10568/152870 |
| _version_ | 1855535462150569984 |
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| author | Bouët, Antoine Laborde Debucquet, David |
| author_browse | Bouët, Antoine Laborde Debucquet, David |
| author_facet | Bouët, Antoine Laborde Debucquet, David |
| author_sort | Bouët, Antoine |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study offers new conclusions on the economic cost of a failed Doha Development Agenda (DDA). We assess potential outcome of the Doha Round as well as four protectionist scenarios using the MIRAGE Computable General Equilibrium (CGE) model. In a scenario where applied tariffs of World Trade Organization (WTO) economies would go up to currently bound tariff rates, world trade would decrease by 9.9% and world welfare by US$353 billion. The economic cost of a failed DDA is here evaluated by the difference between a cooperative scenario (DDA) and a protectionist one (US$412 billion in terms of welfare). Another point of view is to compare a resort to protectionism when the DDA is implemented with a resort to protectionism when the DDA is not implemented. The findings show that this trade agreement could prevent the potential reduction of US$809 billion of trade and, therefore, acts as an efficient multilateral ‘preventive’ scheme against the adverse consequences of trade ‘beggar-thy-neighbor’ policies. |
| format | Journal Article |
| id | CGSpace152870 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2010 |
| publishDateRange | 2010 |
| publishDateSort | 2010 |
| publisher | Cambridge University Press |
| publisherStr | Cambridge University Press |
| record_format | dspace |
| spelling | CGSpace1528702024-11-15T08:52:55Z Assessing the potential cost of a failed Doha Round Bouët, Antoine Laborde Debucquet, David models This study offers new conclusions on the economic cost of a failed Doha Development Agenda (DDA). We assess potential outcome of the Doha Round as well as four protectionist scenarios using the MIRAGE Computable General Equilibrium (CGE) model. In a scenario where applied tariffs of World Trade Organization (WTO) economies would go up to currently bound tariff rates, world trade would decrease by 9.9% and world welfare by US$353 billion. The economic cost of a failed DDA is here evaluated by the difference between a cooperative scenario (DDA) and a protectionist one (US$412 billion in terms of welfare). Another point of view is to compare a resort to protectionism when the DDA is implemented with a resort to protectionism when the DDA is not implemented. The findings show that this trade agreement could prevent the potential reduction of US$809 billion of trade and, therefore, acts as an efficient multilateral ‘preventive’ scheme against the adverse consequences of trade ‘beggar-thy-neighbor’ policies. 2010-04 2024-10-01T13:55:18Z 2024-10-01T13:55:18Z Journal Article https://hdl.handle.net/10568/152870 en Limited Access Cambridge University Press Bouët, Antoine; Laborde Debucquet, David. 2010. Assessing the potential cost of a failed Doha Round. World Trade Review 9(2): 319-351. https://doi.org/10.1017/S1474745609990267 |
| spellingShingle | models Bouët, Antoine Laborde Debucquet, David Assessing the potential cost of a failed Doha Round |
| title | Assessing the potential cost of a failed Doha Round |
| title_full | Assessing the potential cost of a failed Doha Round |
| title_fullStr | Assessing the potential cost of a failed Doha Round |
| title_full_unstemmed | Assessing the potential cost of a failed Doha Round |
| title_short | Assessing the potential cost of a failed Doha Round |
| title_sort | assessing the potential cost of a failed doha round |
| topic | models |
| url | https://hdl.handle.net/10568/152870 |
| work_keys_str_mv | AT bouetantoine assessingthepotentialcostofafaileddoharound AT labordedebucquetdavid assessingthepotentialcostofafaileddoharound |