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On May 5, 2020, the U.S. Trade Representative announced plans to negotiate a free trade agreement with the United Kingdom. We use GTAP to model the economic impacts of this free trade agreement, exclusively focusing on the bilateral tariff elimination. We find that a standard GTAP model leads to...
Persistent link: https://www.econbiz.de/10013215978
This paper presents the new dynamic spatial general equilibrium (DSGE) model – RHOMOLO, which is built to support the … EU policy design by undertaking holistic, micro-founded and disaggregated policy impact assessment. The RHOMOLO model is …-level government system. The holistic framework of RHOMOLO allows to assess not only economic, but also social and environmental …
Persistent link: https://www.econbiz.de/10011524125
implemented into the RHOMOLO spatial and dynamic general equilibrium model calibrated on a set of inter-regional Social Accounting …
Persistent link: https://www.econbiz.de/10011981477
effectiveness by proposing a novel type of economic impact assessment. We use the RHOMOLO model to gauge empirically the general …
Persistent link: https://www.econbiz.de/10012206749
The point of departure for the study of the impact of energy and environmental policies is the neoclassical theory of economic growth formulated by Cass (1965) and Koopmans (1967). The long-run properties of economic growth models are independent of energy and environmental policies. However,...
Persistent link: https://www.econbiz.de/10014025283
The Australian economy is constantly affected by technological, demand and policy shocks from home and abroad. The opportunities and challenges presented by these shocks create demand for government advice on the likely effects on households, firms and the Australian economy, and in turn...
Persistent link: https://www.econbiz.de/10014333506
In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence....
Persistent link: https://www.econbiz.de/10003872890
We develop a Financial Computable General Equilibrium Model (FCGE) model that can analyse the economic impacts of the infrastructure investment projects and their financing options on growth and distribution in Indonesia economy. It is possible to estimate growth and distributional effects of...
Persistent link: https://www.econbiz.de/10011481783
After the conferences in Bonn and Marrakech it is likely that international emission trading will be realized in the near future. Major influences on the permit market are the institutional detail, the participation structure and the treatment of hot air. Different scenarios do not only differ...
Persistent link: https://www.econbiz.de/10011490550
In this study we develop an integrated econometric and CGE modelling framework for transport projects and transport policies at the European level by integrating network, regional economic and macro-economic impacts. The paper presents the formal structure of the integrated econometric and CGE...
Persistent link: https://www.econbiz.de/10011511031