| This study evaluates the welfare implications of tariff reforms in the cereals sector of the SADC region. Applying the global simulation model (GSIM), a multi-country partial equilibrium model, to the cereals industries of thirteen SADC countries, the study computes price and welfare effects of tariff reforms on different economic groups in each coun try, and evaluates responsiveness to external supply shocks. Results indicate that on net, elimination of intra-regional tariffs is welfare reducing for the region - a robust result as ind icated by the sensitivity tests. South Africa emerges as the sole beneficiary of intra-regional tariff elimination, with positive net welfare gains attained through higher producer surplus; whereas the rest of SACU... |
