GTAP Resources: Resource Display
| GTAP Resource #3280 |
|---|
|
"The Economic Effects of Trans-Atlantic Free Trade Agreements" Authors: 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. |
| Resource Details () | GTAP Keywords | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
- Preferential trading arrangements - Calibration and parameter estimation - The GTAP Data Base and extensions - European Union - North America |
| Attachments |
|---|
|
If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
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. |
| Comments (0 posted) |
|---|
|
You must log in before entering comments.
No comments have been posted. |
Last Modified: 8/24/2026 8:40:13 AM
