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GTAP Resources: Resource Display

GTAP Resource #5802

"Welfare and trade effects of the Canada-European Union Comprehensive Economic and Trade Agreement considering tariff line detail for agri-food sectors"
by Jafari, Yaghoob, Mihaly Himics and Wolfgang Britz


Abstract
We provide an analysis of the EU-Canada Comprehensive Economic and Trade Agreement between the European Union and Canada, which foresees the full removal of tariffs with the exemption of sensitive products in the agri-food sector. We employ a global Computable General Equilibrium with 57 sectors extended for the EU-Canada trade links to over 5.000 HS6 tariff lines based on additional demand and supply nests represented by constant elasticity of substitution and constant elasticity of transformation functions, respectively. Comparing our results to a standard pre-model tariff aggregation, we find that trade impacts are lower in both regions and that the welfare improvement in Canada doubles but that of the EU halves. Our analysis, based on open-source and access code underlines that such analysis at least at the level of bi-lateral Free Trade Agreement can be readily used.


Resource Details (Export Citation) GTAP Keywords
Category: 2019 Conference Paper
Status: Not published
By/In: Presented at the 22nd Annual Conference on Global Economic Analysis, Warsaw, Poland
Date: 2019
Version: 1
Created: Jafari, Y. (4/15/2019)
Updated: Jafari, Y. (4/15/2020)
Visits: 484
- Baseline development
- Agricultural policies
- European Union
- North America


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