You are here: SMART > Using SMART > Results > Report on Welfare Effect

Report on Welfare Effect

The Welfare Effect report returns individual results on the market's welfare by product code and for all products as one aggregate.

The table contains the following information:

Column Heading

Content

Product

returns Total HS which corresponds to the aggregated results for all products included in the simulation;

HS Code

is the HS 6-digit code;

Tariff Line Code

replicates the HS 6-digit code since tariff line level simulation is not working yet;

Trade Total Effect ($'000)

is the sum of Trade Diversion effect, Trade Creation Effect and Price Effect;

Welfare ($'000)

is welfare change and correspond to the change in the dead-weight loss as explained in details in SMART Theoretical Background;

Old Weighted Rate (%)

is the pre tariff change weighted (by bilateral trade) average tariff;

New Weighted Rate (%)

is the post tariff change weighted (by bilateral trade) average tariff;

Note: $'000 means thousand of current US dollars

Next: Exporter View Report


WITS Online Help

The World Bank, 2010