Applying a newly developed CGE-model, we present scenarios for the future economic geography of Europe. The model divides the world into ten regions, five of which are European, and 14 industries, of which 12 are imperfectly competitive. With a complete input-output structure, the model captures...

We construct a new database which covers production and trade in 136 primary commodities and 24 manufacturing and service sectors for 145 countries. Using this new more granular data, we estimate spillover effects from plausible trade fragmentation scenarios in a new multi-country, multi-sector,...

This paper analyzes the economic effects of TBT under the existence of technological asymmetry between countries. It first defines TBTs and shows the current status and evolution of TBTs using descriptive measures. In addition, the paper also compares the technology levels of Korea to those of...

The vacuum left by stalled global trade negotiations has led to two tracks of negotiations in the Asia Pacific: an Asian track centered on ASEAN and a Trans-Pacific track based on the Trans-Pacific Partnership agreement, currently in negotiation by 11 economies including the United States. Both...

We highlight an example of considerable bias in officially published input-output data (factor-income shares) by an LDC (Turkey), which many researchers use without question. We make use of an intertemporal general equilibrium model of trade and production to evaluate the dynamic gains for...

The present study investigates the potential economic impacts of India- Korea CEPA using trade indices, partial equilibrium and computable general equilibrium. One hypothetical scenario is examined in SMART model and two hypothetical tariff liberalization scenarios are examined in GTAP model...

This paper investigates circumstances where a region loses its technological leadership after some major technological breakthrough. Input-output linkages between firms in a Cournot upstream industry and a perfectly competitive downstream industry create forces for agglomeration in particular...

This paper analyses how trade liberalisation affects location decisions of firms that are vertically linked and which differ in factor intensities. Firms can choose to locate either in a low wage or a low rental country. For some intermediate levels of trade costs all upstream and downstream...

Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...

The present paper studies the variety gains of regional integration in Asia. Applying a heterogenous firm model we are able to assess the gains arising from the increased product and consumer choice, which is not possible in trade models with representative firms. We analyse the impacts of the...