Potential Economic Effects on the Philippines of the Trans-Pacific Partnership (TPP)

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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.issued2015-02en
dc.description.abstractThe TPP is a potential economic block in Asia Pacific. If the negotiations are successful, the TPP can have important implications for the Philippines whether it decides to join or not because countries in TPP are important markets for Philippine exports and sources of imports, investments, and technology. The paper simulates a reduction in trade barriers within the TPP using a global CGE model. The results indicate trade creation within the TPP and trade diversion from the non-TPP. Philippine non-participation will generate small negative effects on the economy, but the economic opportunity cost of non-participation is larger. If the inflows of investments into the country improve with participation, the welfare gain is higher. While higher investments lead to real exchange rate appreciation, the majority of Philippine sectors benefit from the scale production effect of larger capital inflows.en
dc.description.notesRevised February 2015.en
dc.description.sponsorshipResearch funding provided by the Global Issues Initiative/ Institute for Society, Culture and Environment, Virginia Polytechnic Institute and State University.en
dc.format.extent54 pagesen
dc.format.mimetypeapplication/pdfen
dc.identifier.sourceurlhttp://www.gii.ncr.vt.edu/docs/GII_WP2014-3.pdfen
dc.identifier.urihttp://hdl.handle.net/10919/91415en
dc.language.isoenen
dc.publisherVirginia Tech. Global Issues Initiativeen
dc.relation.ispartofseriesGII Working Paper No. 2014-1en
dc.relation.ispartofseriesJEL Classification: C68, D58, F15en
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectTrans-Pacific Partnershipen
dc.subjectRegional tradeen
dc.subjectPhilippinesen
dc.subjectGlobal CGEen
dc.titlePotential Economic Effects on the Philippines of the Trans-Pacific Partnership (TPP)en
dc.typeWorking paperen
dc.type.dcmitypeTexten

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