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Preliminary Report: Potential Economic Effects of the Reduction in Agricultural and Nonagricultural Trade Barriers in the Transatlantic Trade and Investment Partnership

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dc.contributor.authorCororaton, Caesar B.en
dc.contributor.authorOrden, David R.en
dc.date.accessioned2019-07-11T16:43:16Zen
dc.date.available2019-07-11T16:43:16Zen
dc.date.issued2016-10en
dc.description.abstractThe objective of this paper is to provide an assessment of the potential economic effects in the U.S. and EU28 of reducing the trade barriers between the two economies¹. A global computable general equilibrium (CGE) model is used to determine over the period 2015-2024 the immediate, medium-term and long-run effects on the bilateral trade between the U.S. and EU28, and the related effects on the rest of global trade. Aggregate trade creation and trade diversion effects are calculated, as well as the sectoral production, trade and consumption effects and impacts on factor prices and welfare in both economies.en
dc.description.notesInitial Version: April 2016. Revised Version: October 2016.en
dc.description.sponsorshipPartial funding for this paper provided by award 2014-67023-21811 from the National Institute for Food and Agriculture, USDA to Iowa State University (John Beghin, Principal Investigator) is gratefully acknowledged.en
dc.format.extent61 pagesen
dc.format.mimetypeapplication/pdfen
dc.identifier.sourceurlhttp://www.gii.ncr.vt.edu/docs/GII%20WP%20Oct%202016.pdfen
dc.identifier.urihttp://hdl.handle.net/10919/91417en
dc.language.isoenen
dc.publisherVirginia Tech. Global Issues Initiativeen
dc.relation.ispartofseriesGII Working Paper No. 2016-1en
dc.relation.ispartofseriesJEL Classification: C68, D58, F15en
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectTransatlantic Trade and Investment Partnership (TTIP)en
dc.subjectRegional tradeen
dc.subjectUnited Statesen
dc.subjectEuropean Union 28en
dc.subjectGlobal computable general equilibrium (CGE) modelen
dc.subjectTariffsen
dc.subjectNon-tariff measures (NTM)en
dc.titlePreliminary Report: Potential Economic Effects of the Reduction in Agricultural and Nonagricultural Trade Barriers in the Transatlantic Trade and Investment Partnershipen
dc.typeWorking paperen
dc.type.dcmitypeTexten

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