GTAP Resources: Resource Display
| GTAP Resource #5167 |
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"Welfare and Cost Implications of Free Trade Agreement - A case of Trans-Pacific Partnership " by Omura, Masahiro Abstract Effects of economic integration, including free trade agreement (FTA), could be classified into static and dynamic effects. The former includes trade creation, trade diversion, consumption, and terms of trade effects as well as effects associated with movement of production factors. This paper intends to deal with static effects of FTAs including adjustment issues related with the movement of production factors. To gain numerical indication of such effects, an applied general equilibrium (AGE) model is employed. A welfare decomposition emerged to be a powerful tool to explore factors behind the change in welfare and provide an explanation for an interaction of various actors including foreign ones. As to cost implications, it is possible to gain some insight by examining changes in price and demand of endowment commodities. Welfare implications for each region change according to the scenario of liberalization. An impact of a policy change under a same scenario could be asymmetrical to each region. Thus there are merits in conducting simulations based on various scenarios and comparing the impact on each region. |
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- Multilateral trade negotiations - Asia (East) - Asia (Southeast) - North America - South America |
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Public Access  GTAP Resource 5167 (217.1 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
