Aichele, Rahel; Felbermayr, Gabriel; Heiland, Inga - 2016
trade, value added, and welfare effects of the TTIP, assuming that the agreement would eliminate all transatlantic tariffs … predicted to increase by 50%, but the content of EU and US value added would decrease, signalling a deepening of the … severe for value added trade than for gross trade. This highlights the importance of global value chains in understanding the …