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Lookup NU author(s): Dr Lionel Hubbard
In this study, we use the Harbinson Proposal and July Framework to compare a 'likely' Doha scenario with a realistic baseline. The novelty of this study is that we focus exclusively on the trade-led welfare impacts in selected EU member states. The important features of this note are the: (i) usage of the latest Global Trade Analysis Project (version 6) data; (ii) focus on EU25 regions incorporating all major Common Agricultural Policy instruments and reforms; and (iii) inclusion of binding tariff overhangs into the Harbinson tariff reductions. Results show the damping effects of tariff-binding overhangs on welfare outcomes. This and other factors which limit the gains to liberalisation mean that the EU25 only realises 10% of its long-run welfare gain potential, as defined by complete liberalisation. © 2007 Blackwell Publishing Ltd.
Author(s): Philippidis G, Hubbard LJ, Renwick A
Publication type: Article
Publication status: Published
Journal: Journal of Agricultural Economics
Print publication date: 01/06/2007
ISSN (print): 0021-857X
ISSN (electronic): 1477-9552
Publisher: Wiley-Blackwell Publishing Ltd.
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