(PTAs) and show that the indirect effects can give rise to trade diversion. We also characterize the welfare effects of … persistent finding is that, in the absence of appropriate regulation, preferential trade liberalization can be welfare …

suffer. More than the loss in trade, China will experience substantial welfare loss due to all of allocative inefficiency …, worsening terms of trade and endowment effect. Of these, worsening terms of trade explain the largest part of welfare loss to … the country. With the withdrawal of the USA from the deal, China’s trade with the region and its welfare is likely to …

would affect the overall growth and welfare of each of the TPP-ASEAN countries. For this purpose, the study separately … input-augmenting technological change. Results of the study show that all of the TPP-ASEAN members enjoy a welfare gain and …

welfare estimates that treat all firms within an industry as homogeneous with more recent CGE analyses that allow firms …

strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not …

equilibrium trade model, the impact of the selected trade policy instruments on trade and welfare of the EU as well as Austria is …

. Accordingly, it provides a convenient benchmark for the evaluation of the welfare effectiveness of other well known tariff reform … sources of the potential welfare gains from tariff reform, use it to establish conditions under which some existing reforms … are locally optimal, provide geometric illustrations and compare welfare effectiveness of reforms using numerical examples …

This paper examines the welfare implications of preferential trade agreements (PTAs) from the perspective of small …

welfare costs. To avoid this stumbling block effect we suggest replacing unilateral preferences by a fixed import subsidy. We …. More importantly, we provide the first estimates of the welfare cost of preferential liberalization as a stumbling block to … and over 5,000 products we calculate the welfare effects of the United States, European Union and Japan switching from …