This study assesses the potential gains from unilateral trade liberalization for the UK, against the background of a hard Brexit in which a hard border and tariff wall is erected between the UK and the European Union. Unilateral trade liberalization would allow the UK to expeditiously offset at...

This paper analyzes the impact of the Canada-Korea Free Trade Agreement on the basis of the published text and agreed schedule of commitments. We find that the Agreement reinforces existing patterns of comparative advantage between Canada (agriculture and resource-based sectors) and Korea (autos...

Against the background of evidence of the dominant role of unilateral initiatives in advancing global trade liberalization in recent decades and of the deadweight costs of utilizing preferences under bilateral/regional free trade agreements, this study evaluates the implications of Canada...

This paper quantifies the economic implications of reducing barriers to services trade in the context of the Trade in International Services Agreement (TISA) using an extension of the GTAP model which incorporates a dynamic mechanism, a MONASH-style investment function, and disaggregated...

This paper analyzes the impact of the Canada-Korea Free Trade Agreement on the basis of the published text and agreed schedule of commitments. We find that the Agreement reinforces existing patterns of comparative advantage between Canada (agriculture and resource-based sectors) and Korea (autos...

It is well established in theory that trade liberalization impacts on productivity through the reallocation of market share to more productive firms. Since more productive firms tend to pay higher wages, the market reallocation effect also increases average wages. In addition to these...

The realization that competitiveness depends on having access to low-cost inputs has led Canada along with many other countries to slash tariffs unilaterally in order to enhance their own competitiveness. The present study builds on and updates a 2014 study of possible unilateral free trade...

Canadians will likely enjoy $2.1 billion in additional household income by 2035 as a result of the Canada-Korea Free Trade Deal (CKFTA), which entered into force January 1, 2015, according to a new C.D. Howe Institute report. In “The Canada-Korea Free Trade Agreement: What it Means for...

This paper assesses the economic impact of the Canada-Korea Free Trade Agreement (CKFTA) on the basis of the published text and agreed schedule of commitments. We introduce new estimates of the impact of the services measures based on the extent to which they change the Services Trade...