Re-evaluating the Harbinson Proposal - Prospects for the EU25: A Note

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:...

Full description

Saved in:
Bibliographic Details
Published in:Journal of agricultural economics 2007-06, Vol.58 (2), p.368-375
Main Authors: Philippidis, G, Hubbard, L.J, Renwick, A
Format: Article
Language:English
Subjects:
Agricultural economics
Agricultural policy
Agricultural trade
C68
computable general equilibrium
D58
European Union
F11
F13
International trade
Q17
Q18
Tariffs
trade analysis and policy
Trade negotiations
Trade policy
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary: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.
ISSN:0021-857X
1477-9552
DOI:10.1111/j.1477-9552.2007.00094.x