@article{Boughanmi:178230,
      recid = {178230},
      author = {Boughanmi, Houcine and Zekri, S. and Opara, L. U. and  Al-Hassani, M.},
      title = {The Effects of Multilateral Trade Liberalization on  Agriculture: The Case of the Gulf Cooperation Council (GCC)  Countries},
      journal = {Agricultural Economics Review},
      address = {2009},
      number = {389-2016-23309},
      year = {2009},
      abstract = {This study assessed the trade and welfare impacts of  agricultural trade liberalization within the context of  both unilateral and WTO multilateral trade liberalization  in the GCC countries.  The analysis focused on the specific  effects of the agricultural sector as well as on the  economy-wide effects, which were reflected in the exchange  rate, balance of payment and changes in economic welfare.  The assessment was undertaken using the World Trade  Simulation Model (WTSM) to solve for the equilibrium prices  and values of trade.  Results showed that under all the  trade liberalization scenarios considered, the economic  effects on the GCC region in terms of trade and economic  welfare will be positive.  However, multilateral trade  liberalization covering all the goods offered the greatest  benefit to the GCC economies. Also, the study showed that  changes in economic welfare were much higher under  liberalization process covering all the sectors rather than  liberalization covering only the agricultural sector.  The  effects of multi-lateral trade liberalization on domestic  prices will depend on the type of commodity, the world  price change and the initial level of protection.},
      url = {http://ageconsearch.umn.edu/record/178230},
      doi = {https://doi.org/10.22004/ag.econ.178230},
}