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GTAP Resource #5625

"Assessing the Impact of China-Canada FTA with G-Dyn Model"
by Lyu, Yingkang and Jingliang Xiao


Abstract
General background: Trade and investment between China and Canada has long been prosperous in many industries like natural resource, agricultural products, textile, machine and equipment manufacturing, real estates and high-tech industries. China has been the second largest trade partner of Canada for over decade, while Canada is also a major destination of China’s goods and services export, investment, and also labor immigration. Discussions on China-Canada Free Trade Agreement (CCFTA) have been existing for long and are getting especially intensive at this moment when the U.S. just started its process of renegotiating NAFTA (North American FTA) and Canada needs to find its new way of cooperation, a rapidly growing and opening China will be a considerable option.

Methodology: G-Dyn model extends the standard static GTAP model to include capital accumulation, adaptive expectation theory of investment and international capital mobility. Basing on G-Dyn, we implement sticky/flexible wage mechanism originated by Dixon and Rimmer(2002), an USAGE-type investment theory considering the risk-averse behavior of investors to provides more flexibility for modeling investor’s expectation and improves G-Dyn model robustness when constructing baselines or performing policy simulations.

Simulations: (1) Tariff of good trade is largely cut between China and Canada; (2) Non-tariff barriers for goods are reduced bilaterally; (3) Tariff equivalent is reduced on service trade; (4) Barriers are partly removed in Foreign Direct Investment; (5) Trade facilitation gets improved.


Resource Details (Export Citation) GTAP Keywords
Category: 2018 Conference Paper
Status: Published
By/In: Presented at the 21st Annual Conference on Global Economic Analysis, Cartagena, Colombia
Date: 2018
Version:
Created: Lyu, Y. (4/15/2018)
Updated: Lyu, Y. (4/16/2018)
Visits: 427
- Dynamic modeling
- Asia (East)
- North America


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