Find out more
You are here:
Buy this book from Practical Action Publishing
Subscribe to our RSS feeds
This hard-hitting research report presents a rigorous critique of the most widely used trade models based on computable general equilibrium (or CGE) models. The authors present concise analytical arguments explaining the fundamental weaknesses of 'typical' CGE models. They show that these models tend to make unrealistic assumptions about the macro-economy and do not allow an accurate estimation of the welfare gains that trade liberalisation is supposed to induce. The report appeals for 'honest' simulation strategies showing a variety of possible outcomes, which would enable policy-makers to assess the different scenarios for themselves.
All publications on this subject
All publications in this series
© 2017. Oxfam is a registered charity in England and Wales (no 202918) and Scotland (SC039042). Oxfam GB is a member of the international confederation Oxfam.