case of China's recent WTO accession will overstate the increase in China's trade flows by 40 percent, welfare by 15 … drawbacks are ignored. The bias in the estimates of China's real GDP, trade flows, and welfare changes due to WTO accession … inputs at world prices, thus increasing their competitiveness, while maintaining the protection on the rest of the economy …

time in any round of multi-lateral trade negotiations. Voluntary export restraints outside the Multifibre Arrangement (MFA …