The trade effects of the U. S. generalized system of preferences |
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Authors: | Craig R MacPhee Victor Iwuagwu Oguledo |
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Institution: | (1) University of Nebraska at Lincoln, USA;(2) Florida A & M University, USA |
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Abstract: | Conclusion Subsequent rounds of multilateral tariff reductions and changes in the GSP and other trade arrangements supersede the analysis
presented here, but this study still provides some guidance to future analysis of tariff concessions. The review of the literature
suggests a need for greater precision in methods and data. The new technique employed here would appear to be appropriate
for future analyses of multilateral trade liberalization and of proliferating free trade areas. Our results indicate that
extremely optimistic and pessimistic estimates of GSP trade effects should be regarded with skepticism. The GSP has probably
had a modest positive impact on LDC exports to the United States. |
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