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This paper provides a quantitative analysis of the new EU-Japan free trade agreement (FTA), the biggest bilateral deal … that both the EU and Japan have concluded so far. It employs a generalized variant of the Eaton-Kortum (2002) model … reductions in the costs of NTBs. This approach yields long-run welfare effects for Japan of about 18 bn. USD per year (0.31% of …
Persistent link: https://www.econbiz.de/10011903006
Trade economists traditionally study the effect of lower variable trade costs. While increasingly important politically, technical barriers to trade (TBTs) have received less attention. Viewing TBTs as fixed regulatory costs related to the entry into export markets, we use a model with...
Persistent link: https://www.econbiz.de/10011347048
The sheer size of the EU and US economies combined suggests substantial economic benefits from eliminating tariffs, reducing the costs of regulatory divergence, and deepening cooperation. Estimating these gains is difficult: uncertainty concerning modelling choices, data, and scenarios looms...
Persistent link: https://www.econbiz.de/10011458577
The European Union is the world’s largest and deepest free trade zone. Amongst its members, it has abolished tariffs and lowered non-tariff barriers. This has led to trade creation within Europe and to trade diversion between EU countries and outsiders. The Transatlantic Trade and Investment...
Persistent link: https://www.econbiz.de/10011539838
The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States of America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have strong economic effects on Germany. In this paper, we...
Persistent link: https://www.econbiz.de/10010469280
With ever-increasing political tensions between China and Russia on one side and the EU and the USA on the other, it …
Persistent link: https://www.econbiz.de/10013162407
With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it only seems a matter of time until protectionist policies cause a decoupling of global value chains. This paper uses a computable general equilibrium trade model calibrated with the...
Persistent link: https://www.econbiz.de/10013186412
Persistent link: https://www.econbiz.de/10013175034
With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it only seems a matter of time until protectionist policies cause a decoupling of global value chains. This paper uses a computable general equilibrium trade model calibrated with the...
Persistent link: https://www.econbiz.de/10014335099