GTAP Resources: Resource Display
| GTAP Resource #6700 |
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"An Economic analysis of UK joining in Asia-Pacific Trade pact with the CPTPP " by Khan, Muhammad Omer Abstract Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is one of the Mega Regional Trade agreements with the main objective of liberalized trade among the fast-growing Asia Pacific member countries. CPTPP (formerly TTP) members consist of eleven countries in wake of the secession of the United States (US). After Brexit, the United Kingdom (UK) government seeking new trade agreements with a major focus on trade in goods between the UK and non-EU countries. The UK recently applies to join CPTPP. Against this backdrop, this research quantitively seeks the economic impact of the UK joining CPTPP using the Global computable general equilibrium (CGE) approach. Results show that if United Kingdom joins CPTPP, there is optimistic and encouraging growth in UK’s economy. However, countries like China, EU-27, India, and Brazil have adverse implications. This research indicates that UK membership in CPTPP would not only boost UK economy but also result in an expansion in real factor return of the UK resulting in higher investment and employment in the country. |
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- Economic development - Economic growth - Trade in services - Trade in textiles and wearing apparel - Europe (Eastern) - Europe (Northern) - Europe (Southern) - Europe (Western) - European Union |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  Economic Impact of UK Joining Asia Pacific Trade Pact CPTPP: A Global CGE A (1.1 MB) 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
