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The proposed Transatlantic Trade and Investment Partnership (TTIP) is the most significant trade policy initiative … since the Uruguay Round (1986 to 1994). It would create a free trade zone covering 45% of world GDP. However, critics … estimated general equilibrium trade model. Assuming that the TTIP will reduce transatlantic trade costs by as much as existing …
Persistent link: https://www.econbiz.de/10013044668
between any pair of countries. A simulation of the general equilibrium effects of TTIP demonstrates the importance of our …
Persistent link: https://www.econbiz.de/10012977471
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10013316371
and Investment Partnership (TTIP). We use a multi-country, multi-industry Ricardian trade model with national and … flow elasticities of trade costs and of existing PTAs. We simulate the trade, value added, and welfare effects of the TTIP … rest of the world relative to the status quo. However, there is substantial heterogeneity across the 134 geographical …
Persistent link: https://www.econbiz.de/10013030303
Asia accounts for more than 30% of world GDP and contributes half of the global growth in recent years. Despite high …
Persistent link: https://www.econbiz.de/10013317319
We extend the trade restrictiveness index approach to the case of market imperfections and domestic regulations addressing them. We focus on standard-like non-tariff measures (NTMs) affecting cost of production and potentially enhancing demand by reducing negative externalities. We apply the...
Persistent link: https://www.econbiz.de/10013046066
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 …-state dispute settlement and argue that the TTIP will have discriminatory effects on at least some third countries. However …
Persistent link: https://www.econbiz.de/10013030304
We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...
Persistent link: https://www.econbiz.de/10013086606
In a seminal paper, Rose (2004) found that the assumed positive impact of the WTO on international trade was questionable. This finding has been scrutinized and modified in subsequent research, using different datasets, econometric methods and separating the WTO from other forms of trade...
Persistent link: https://www.econbiz.de/10013081056
We develop a new theoretical framework of trade agreement (TA) formation, called a ‘parallel contest', that emphasizes the political fight over TA ratification within countries. TA ratification is inherently uncertain in each country, where anti- and pro-trade interest groups contest each...
Persistent link: https://www.econbiz.de/10012918999