Implications of a GATT Agreement for World Commodity Markets, 1992-2000

dc.contributor.department	Center for Agricultural and Rural Development
dc.date	2018-02-17T15:03:03.000
dc.date.accessioned	2020-06-30T04:00:39Z
dc.date.available	2020-06-30T04:00:39Z
dc.date.copyright	Wed Jan 01 00:00:00 UTC 1992
dc.date.embargo	2016-03-23
dc.date.issued	1992
dc.description.abstract	<p>A dynamic multicountry, multicommodity model is used to evaluate the impact of a moderate General Agreement on Tariffs and Trade (GATT) agreement. The terms of this agreement are as follows. 1) Export subsidy quantities (using annual and price wedges) are reduced by 50 percent from the 1986-88 average by 1996. 2) Import restrictions are tariffed and reduced by 33 percent form the 1986-88 average by 1996 (tariffs are measured by using an annual price wedge approach). 3) Internal supports, as measured by the aggregate measure of support (AMS), are reduced by 33 percent from the 1986-88 average by 1996 (fixed reference prices are used). The results indicate that the U.S. producers would benefit substantially from the agreement because the United States has made or will have made many of the cuts required by this moderate agreement. The results also indicate that the use of quantity in lieu of expenditure restrictions results in more liberalized world markets because the price signals required to reduce export quantities can force internal prices to equal those in world markets.</p>
dc.identifier	archive/lib.dr.iastate.edu/gatt_papers/59/
dc.identifier.articleid	1054
dc.identifier.contextkey	8370954
dc.identifier.s3bucket	isulib-bepress-aws-west
dc.identifier.submissionpath	gatt_papers/59
dc.identifier.uri	https://dr.lib.iastate.edu/handle/20.500.12876/37709
dc.source.bitstream	archive/lib.dr.iastate.edu/gatt_papers/59/91gatt4.pdf\|\|\|Sat Jan 15 01:03:17 UTC 2022
dc.subject.disciplines	Agricultural and Resource Economics
dc.subject.disciplines	Agriculture
dc.subject.disciplines	Economic Policy
dc.subject.keywords	Agriculture
dc.subject.keywords	Policy
dc.title	Implications of a GATT Agreement for World Commodity Markets, 1992-2000
dc.type	article
dc.type.genre	article
dspace.entity.type	Publication
relation.isOrgUnitOfPublication	1a6be5f1-4f64-4e48-bb66-03bbcc25c76d

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