dc.contributor.author
Engler, Philipp
dc.contributor.author
Tervala, Juha
dc.date.accessioned
2018-06-08T08:16:56Z
dc.date.available
2016-09-01T11:42:55.638Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/19741
dc.identifier.uri
http://dx.doi.org/10.17169/refubium-23293
dc.description.abstract
Several studies have analyzed the trade and output effects of the
Transatlantic Trade and Investment Partnership (TTIP) between the United
States and the European Union, but our paper is the first attempt to study its
welfare effects. We measure the welfare effect of TTIP as the percentage of
initial consumption that households would be willing to pay for TTIP in order
to remain as well off with TTIP as without it. The discounted present value of
the welfare gain of TTIP, which leads to the elimination of tariffs and cuts
in non-tariff measures by 25%, is in the range of 1% to 4% of initial
consumption, depending on the parameterization. The welfare gain increases in
the elasticity of substitution between domestic and foreign goods. The bulk of
the welfare gain is caused by cuts in non-tariff measures.
en
dc.format.extent
32 Seiten
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000532-8
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000006-7
dc.rights.uri
http://www.fu-berlin.de/sites/refubium/rechtliches/Nutzungsbedingungen
dc.subject
trade agreement
dc.subject
trade liberalization
dc.subject.ddc
300 Sozialwissenschaften::330 Wirtschaft::337 Weltwirtschaft
dc.title
Welfare Effects of TTIP in a DSGE Model
refubium.affiliation
Wirtschaftswissenschaft
de
refubium.mycore.fudocsId
FUDOCS_document_000000025135
refubium.series.issueNumber
2016,17 : Economics
refubium.series.name
Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin
refubium.mycore.derivateId
FUDOCS_derivate_000000006885
dcterms.accessRights.openaire
open access