Anderson, KymMartin, Willvan der Mensbrugghe, Dominique2016-07-112016-07-111058-7195http://hdl.handle.net/1885/106002The latest versions of the Global Trade Analysis Project database and the Linkage model of the global economy (projected to 2015) are used to estimate the impact of removing all merchandise trade distortions (including agricultural subsidies). Results suggest that a move to free merchandise trade would increase farm employment, the real value of agricultural output and exports, real returns to farm land and unskilled labor, and real net farm incomes in . This would occur despite the decline in international terms of trade for some developing countries that are net food importers or are enjoying to agricultural markets of high-income countries.The authors are grateful for funding from the UK Department for International Development.27 pagesapplication/pdfen-AU© Wileytrade policy reformcomputable general equilibrium modelingagriculturalGlobal Trade Analysis ProjectLinkage modeltrade distortionsmerchandisedeveloping countriesreal valuemarketspreferential access200610.1111/j.1467-9353.2006.00280.x