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:...

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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
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description 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.
doi_str_mv 10.1111/j.1477-9552.2007.00094.x
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source International Bibliography of the Social Sciences (IBSS); EBSCOhost Econlit with Full Text; Wiley-Blackwell Read & Publish Collection
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
title Re-evaluating the Harbinson Proposal - Prospects for the EU25: A Note
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