GTAP Resources: Resource Display
| GTAP Resource #3280 |
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"The Economic Effects of Trans-Atlantic Free Trade Agreements" by Islam, Sadequl Abstract The NAFTA and the European Union constitute the largest trading blocs in the world. The main objectives of this paper are to 1) investigate the effects of a bilateral free trade agreement between Canada and the European Union on output, the trade balance and exports for different sectors of Canada; 2) explore the effects of a free trade agreement between the European Union and NAFTA on various trade related variables in NAFTA countries and the European Union; and 3) examine the effects of a free trade agreement between the European Union and NAFTA on non-member countries especially the developing countries. In exploring the effects of a trans-Atlantic free trade agreements, this paper primarily relies on the Global Trade Analysis Project(GTAP) model and database, version 7. Two policy experiments are considered in this paper: 1) Elimination of all tariffs and export subsidies for all goods and services involving Canada and the European Union; and 2) Elimination of all tariffs and export subsidies for all goods and services involving NAFTA countries and the European Union. The main findings are : 1) A Canada-EU free trade deal will increase the economic welfare in Canada and the European Union with adverse effects on other regions, notably the United States and 2) a NAFTA-EU free trade agreement will increase the economic welfare of the United States and the European Union but reduce that of Canada , Mexico and other regions notably, China. |
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- Preferential trading arrangements - Calibration and parameter estimation - The GTAP Data Base and extensions - European Union - North America |
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Public Access  2010 Conference Paper (144.1 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
