scholarly journals Analysis of Welfare Effects of South Asia Free Trade Agreement (SAFTA) on Pakistan’s Economy by Using CGE Model

2010 ◽  
Vol 7 (1) ◽  
Author(s):  
Imamuddin Khoso ◽  
Nanik Ram ◽  
Asif Ali Shah ◽  
Kamran Shafiq ◽  
Faiz. M. Shaikh
Keyword(s):  
South Asia ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Welfare Effects ◽  
Cge Model

Putting Canada in the penalty box: Trade and welfare effects of eliminating North American Free Trade Agreement

World Economy ◽  
2019 ◽  
Vol 42 (12) ◽  
pp. 3488-3514
Author(s):  
Scott L. Baier ◽  
Jeffrey H. Bergstrand ◽  
John P. Bruno
Keyword(s):  
Free Trade ◽  
North American ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Welfare Effects

scholarly journals India’s Trade Potential and Prospects with Bhutan

2016 ◽  
Vol 5 (3) ◽  
pp. 443
Author(s):  
Sadhna Garg
Keyword(s):  
South Asia ◽  
Free Trade ◽  
Comparative Advantage ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Trading Partner ◽  
Trade Intensity ◽  
Intensity Index ◽  
Trade Potential ◽  
Sustainable Trade

<div><p><em>Since mid 1990s, India is actively engaging in bilateral and regional negotiations with various countries and blocs to boost trade and level of integration. It has signed numerous agreements and become member.  In South Asia region, India has close and trouble free relations only with landlocked kingdom i.e. Bhutan since 1949 under Treaty of Peace and Friendship. This treaty helped to enhance their integration i.e. free trade agreement (FTA) in goods signed between them in 2006. It is in this context, the present study applies revealed comparative advantage (RCA) and trade intensity index (TII) to explore India’s trade potential and prospects with Bhutan that will tell us either India has trade possibility with Bhutan or not. The major findings of the study showed that India has become the largest trading partner of Bhutan. India has strong and sustainable trade potential with Bhutan. Even India has no specialisation in the export of any product to Bhutan but still exports continued to increase at walking rate. Overall, India has strong trade prospects with Bhutan.</em></p></div>

scholarly journals Impact of removing industrial tariffs under the European–Vietnam free trade agreement

2019 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Le Trung Ngoc Phat ◽  
Nguyen Kim Hanh
Keyword(s):  
Social Welfare ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Household Consumption ◽  
Industrial Sector ◽  
Cge Model ◽  
Content Type ◽  
Factors Of Production ◽  
The Impact

Purpose The purpose of this paper is to employ the computable general equilibrium (CGE) approach to examine how the European–Vietnam Free Trade Agreement (EVFTA) impacts on the Vietnamese economy in the case of the removal of industrial tariffs. Design/methodology/approach The authors construct a social accounting matrix based on the latest data of the Vietnam input-output Table for the year 2012 and then apply the CGE model to simulate the economic scenarios when the tariff rate of the industrial sector reduces to 0 percent. Findings The first simulation results demonstrate that the elimination of tariffs in the industrial sector will lead to a 9.13 percent increase in household consumption, together with an increase in the factors of production of the agricultural, industrial and service sectors by 9.61, 9.74 and 8.21 percent, respectively. The EVFTA also causes a deficit in the trade balance because the value of imports increases by 12.54 percent, while exports’ value slightly increases by 2.71 percent. Furthermore, there has been a drop of 2.29 percent in the total government income; nevertheless, social welfare witnesses a gain of 9.13 percent. The second scenario simulation draws crucial attention to policymakers that a small fluctuation in the production tax rate will cause a significant change in the economy. Practical implications The reduction of tariff in the industrial sector will increase the social welfare and strengthen the whole economy regarding the growth of household consumption, factors of production and trade value. On the unfavorable side, the EVFTA causes a national budget deficit and puts pressure on domestic production. This paper is a valuable reference for governments and policymakers when they decide to reduce tariffs or adjust production taxes once Vietnam integrates into the world economy. Originality/value This study differs from previous research works by utilizing a static CGE model to investigate the impact of removing the industrial tariff on the economy under EVFTA.

Welfare effects of the North American free trade agreement

1995 ◽  
Vol 17 (2) ◽  
pp. 163-176 ◽  
Author(s):  
Lawrence R. Klein ◽  
Dominick Salvatore
Keyword(s):  
Free Trade ◽  
North American ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Welfare Effects ◽  
The North
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