GTAP Resources: Resource Display
| GTAP Resource #6902 |
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"Multilateral Context for EU-Australia Economic Cooperation" by Gretton, Paul Abstract Following the GFC, growth in global trade has been sluggish with recent trade and regional tensions providing doubt as to whether these trends will change any time soon. There is, therefore considerable uncertainty about how the EU-Australian economic relationship will evolve over the next decades. This paper first uses longer-term projections of the global economy implemented in the GDyn-FS dynamic global general equilibrium model, to suggest global exports could expand to reach around 35 percent of global output by 2050 from the current level of around 30 percent. Such a change would likely be accompanied by a re-orientation of trade between regions and materially influence the EU-Australia economic relationship and global trading relationships more broadly. It then draws on differences between regions in energy demand, productive capital and the distribution of real wealth to provide a wider context for EU-Australia economic cooperation over the coming decades. |
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- Baseline development - Dynamic modeling - Trade and the environment - Economic development - Economic growth - Economic geography - New quantitative trade models - Asia (East) - European Union - North America |
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Public Access  GTAP Resource 6902 (266.1 KB) Replicated: 0 time(s) GTAP Resource 6902 (860.7 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
