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

dc.contributor.department Center for Agricultural and Rural Development 2018-02-17T15:03:03.000 2020-06-30T04:00:39Z 2020-06-30T04:00:39Z Wed Jan 01 00:00:00 UTC 1992 2016-03-23 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/
dc.identifier.articleid 1054
dc.identifier.contextkey 8370954
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath gatt_papers/59
dc.source.bitstream archive/|||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
Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
1014.54 KB
Adobe Portable Document Format