REBALANCING EC CEREALS PROTECTION AND THE GATT URUGUAY ROUND
评估了欧共体在1990年关贸总协定乌拉圭回合中提出的重新平衡共同农业政策的提议，发现其效果取决于基期选择，且美国更大幅度的自由化提议会带来更大福利收益。
This paper considers the proposals put forward by the EC at the GATT Uruguay Round in December 1990. The EC's objective of rebalancing the Common Agricultural Policy in the context of a partial liberalisation of agricultural support on the world cereals market is assessed, as is the choice of base year from which liberalisation would have been initiated. The US's proposal for more significant reduction in agricultural support is also considered. The results show that the EC would not necessarily have benefited from rebalancing, since the effects would have depended on the choice of base period. For example, with 1986 (1988) as the base year, net welfare changes would have been 20 (50) percent higher (lower) with rebalancing, relative to the case without. Not surprisingly, the more substantial liberalisation proposed by the US would have resulted in greater net welfare gains even if rebalancing was conceded by the US.