the 5 percent generated by the most commonly used global model (GTAP) and reported in the paper's final section. "--World …

"Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional … sector policies are generated without a formal model of global markets or even price elasticity estimates. "--World Bank web …

"Anderson and Martin examine the extent to which various regions, and the world as a whole, could gain from … multilateral trade reform over the next decade. They use the World Bank's linkage model of the global economy to examine the impact … first of current trade barriers and agricultural subsidies, and then of possible outcomes from the World Trade Organization …