Hubbard LJ

Philippidis G

Renwick A

In this study, we use the Harbinson Proposal and July Framework to compare a \u27likely\u27 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. \ua9 2007 Blackwell Publishing Ltd

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

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