Download or read book Economic Relations Between the European Union and China and Evaluation of Impact of China s Tariff Change on Both Economies with a Computable General Equilibrium Model written by Li Wang and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Issues on Economic Relations Between the EU and China and Evaluation on the Impact of China Tariff Change on the Two Economies with a CGE Model written by Li Wang and published by Logos Verlag Berlin GmbH. This book was released on 2009 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book focuses on issues on bilateral relations between the EU and China and evaluation on the impact of China's tariff changes on the two economies with a CGE model. Through analyzing the statistic data and relevant document, we find that for the EU, China seems to be the most important partner in Asia and predominant interests of Europe in China are in the domains of economics and politics. Economic relations are thought to be far more important for both the EU and China than other sensitive issues such as human rights. Meanwhile, using a CGE model, we find that China's tariff reduction seems to impact the Chinese economy stronger than the European economy, and China's textile and apparel industries are the biggest winners whereas the motor vehicle and parts industry is the biggest losers with China's trade liberalization.
Download or read book Introduction to Computable General Equilibrium Models written by Mary E. Burfisher and published by Cambridge University Press. This book was released on 2016 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
Download or read book A Global Assessment of the Economic Effects of Export Taxes written by David Labordew and published by Intl Food Policy Res Inst. This book was released on 2013-02-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study has been undertaken to understand and evaluate the potential negative consequences of export taxes which are implemented by many countries today and which are not disciplined by any international agreement. This paper uses a new detailed global dataset on export taxes at the HS6 (Harmonized System 6 level) level and the MIRAGE (Modeling International Relationships in Applied General Equilibrium) global computable general equilibrium model to assess the impact of export taxes on the world economy. We find that limitations on export taxes would have worldwide effects: the average export tax on global merchandise trade was 0.48 percent in 2007, with the bulk of these taxes imposed on energy products. The removal of these taxes would increase global welfare by 0.23 percent, which is a larger figure than the expected gains from the World Trade Organizations Doha Development Round. Both developed and emerging economies, such as China and India, would gain from such policies, even if they currently impose export taxes. Medium and small food-importing countries without market power (such as the least-developed countries) would also benefit from the elimination of export restrictions, especially during food crisis situations. Both the energy sector and the export taxes implemented by Commonwealth of Independent States countries appear to play a critical role in the overall economic impact of such a policy change. However, the fact that some countries, such as Argentina, would experience income losses due to such a policy change is a major challenge to overall positive reform in this area.
Download or read book Numerical General Equilibrium Analysis of China s Impacts from Possible Mega Trade Deals written by Chunding Li and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These include the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP), and various blocked deals. We use a numerical 13-country global general equilibrium model with trade costs to investigate both tariff and non-tariff effects, and include inside money to endogenously determine imports on the trade imbalance. Trade costs are calculated using a method based on gravity equations. Simulation results reveal that all FTA participation countries will gain but all FTA non-participation countries will lose. If non-tariff barriers are reduced more, the impacts will be larger. All effects to China on welfare, trade, export and import are positive. Comparatively China-TPP and RCEP will yield the highest welfare outcomes for the US in our model, China-Japan-Korea FTA will generate the second highest welfare outcome, and China-US FTA will generate the third highest welfare outcome. For the US, China-TPP FTA will generate the highest welfare outcome. For the EU, all China involved mega deals have negative impacts except China-US FTA. For Japan, RCEP will generate the highest welfare outcome. For both Korea and India, RCEP will generate the highest welfare outcome.
Download or read book Tomorrow s Silk Road written by Jacques Pelkmans and published by Centre for European Policy Studies. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first comprehensive and in-depth economic and regulatory analysis of a possible Free Trade Area (FTA) between China and the EU.
Download or read book Methodology for Impact Assessment of Free Trade Agreements written by Michael G. Plummer and published by Asian Development Bank. This book was released on 2011-02-01 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.
Download or read book Learning from SARS written by Institute of Medicine and published by National Academies Press. This book was released on 2004-04-26 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of severe acute respiratory syndrome (SARS) in late 2002 and 2003 challenged the global public health community to confront a novel epidemic that spread rapidly from its origins in southern China until it had reached more than 25 other countries within a matter of months. In addition to the number of patients infected with the SARS virus, the disease had profound economic and political repercussions in many of the affected regions. Recent reports of isolated new SARS cases and a fear that the disease could reemerge and spread have put public health officials on high alert for any indications of possible new outbreaks. This report examines the response to SARS by public health systems in individual countries, the biology of the SARS coronavirus and related coronaviruses in animals, the economic and political fallout of the SARS epidemic, quarantine law and other public health measures that apply to combating infectious diseases, and the role of international organizations and scientific cooperation in halting the spread of SARS. The report provides an illuminating survey of findings from the epidemic, along with an assessment of what might be needed in order to contain any future outbreaks of SARS or other emerging infections.
Download or read book US China Strategic Economic Competition written by Alicia García-Herrero and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade has always been a cornerstone of connectivity between nations around the world. However, the world order which was established after the second world war, based on the ideals of multilateralism, the rule of law, market economy and free trade, is undergoing massive shifts and facing a multitude of challenges. Since early 2018, rising trade tensions have become a major cause of geopolitical volatility. With the US imposing three rounds of tariffs on more than $250bn worth of Chinese goods, we witnessed China retaliating by imposing tariffs ranging from 5% to 25% on $110bn of US products. The escalating US-China tension over the last few years has not only contributed to market uncertainty but has also led many to question if multilateralism is slowly giving way to preferential trade deals, leading perhaps ultimately to the decline of multilateralism. While it has been repeatedly pointed out that the US runs a large deficit with China and it is quite well known that China has over the years flouted many global rules of trade and exchange rate management, an attempt to rectify this by raising tariffs on Chinese goods is not the best way forward. Furthermore, the US attempt to isolate China is virtually impossible as the Chinese government's Belt and Road Initiative now involves around 126 countries and 29 international organisations. While the temporary truce between the US and China in the recent G20 meeting has given cause for optimism, just days after the truce, Europe became the new target of US trade policies. The US proposal of new tariffs on EU goods worth $4bn covering 89 products could be seen as an intensification of the trade fight with the EU over aircraft subsidies. The US has been locked in a dispute with the European Union for years over two of the largest airplane manufacturers. As the escalation of trade tensions comes just after the truce with China, there is a growing sense that the danger of departure from multilateralism still looms ahead. This departure from the multilateral trade system would have pernicious long-term effects and would lead to the creation of a complex web of trade barriers erected, which will affect global economic growth and prosperity. Without US support for open market principles, and the divergent interests of economies and trading blocs, countries are facing a major choice between openness and isolation, between the belief in win-win cooperations or a zero-sum game. The need for global economic and trade cooperation has never been greater. It is important that nations strengthen their ties and uphold multilateralism and the rules-based free trade system. Europe and Asia as “natural partners” have a common interest in preserving a rules-based, cooperative and international system where multilateral organisations are the natural fora for achieving common objectives.In this issue of Panorama, we focus on the economic and trade connectivity between Asia and Europe. Our authors not only look at the US-China trade war but also provide an overview of Asia-Europe relations in the age of rising uncertainty, including the development and implications of the Asia-Europe connectivity strategy and the Belt and Road Initiative. The impact of regional blocs on trade relations between Asia and Europe is also elucidated. Aside from the various multilateral and bilateral trade deals, the articles also look at other issues such as currency swap and bilateral agreements which help to forge a common bond between Asia and Europe.
Download or read book International Handbook on the Economics of Energy written by Lester C. Hunt and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 849 pages. Available in PDF, EPUB and Kindle. Book excerpt: As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics. Themes addressed include the theory of energy supply, demand and policy, empirical modelling of energy demand, holistic energy models, an analysis of coal, gas, electricity, oil and the markets within which they operate, and a discussion of the current key energy policy issues. The topics of pricing, transmission, regulation, security, energy efficiency, new technologies and climate change are also discussed. The International Handbook on the Economics of Energy presents a comprehensive overview of the state-of-the-art research making it an indispensable reference for researchers, advanced students, practitioners and policy-makers alike.
Download or read book Understanding Risks and Uncertainties in Energy and Climate Policy written by Haris Doukas and published by Springer. This book was released on 2018-12-10 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.
Download or read book A Practical Guide to Trade Policy Analysis written by Marc Bacchetta and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade flows and trade policies need to be properly quantified to describe, compare, or follow the evolution of policies between sectors or countries or over time. This is essential to ensure that policy choices are made with an appropriate knowledge of the real conditions. This practical guide introduces the main techniques of trade and trade policy data analysis. It shows how to develop the main indexes used to analyze trade flows, tariff structures, and non-tariff measures. It presents the databases needed to construct these indexes as well as the challenges faced in collecting and processing these data, such as measurement errors or aggregation bias. Written by experts with practical experience in the field, A Practical Guide to Trade Policy Analysis has been developed to contribute to enhance developing countries' capacity to analyze and implement trade policy. It offers a hands-on introduction on how to estimate the distributional effects of trade policies on welfare, in particular on inequality and poverty. The guide is aimed at government experts engaged in trade negotiations, as well as students and researchers involved in trade-related study or research. An accompanying DVD contains data sets and program command files required for the exercises. Copublished by the WTO and the United Nations Conference on Trade and Development
Download or read book Evaluating the Impact of the US China Trade War written by Ken Itakura and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We evaluate the impact of the US-China trade war using a dynamic computable general equilibrium (CGE) model of global trade. We conduct ex ante simulation analysis exploring three scenarios to understand how the trade war affects import tariffs, investment, and productivity. The escalation of the trade war reduces gross domestic product (GDP) in China and the USA by -1.41% and -1.35%, respectively. The trade war reduces nearly all sectoral imports and outputs in both countries. To reflect the important role of global value chains (GVCs), we modify the dynamic CGE model with agent-specific import demands, and we explore the difference between the results for the two models relating to the trade war impacts on GDP and bilateral trade. When GVCs are accounted for, the negative impacts on bilateral trade are more widespread across countries, and world GDP in the modified model is reduced by -$US450 billion. These results suggest that the GVCs play substantial role in determining trade responses at the disaggregated level.
Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.
Download or read book NAFTA to USMCA What is Gained written by Mary E. Burfisher and published by International Monetary Fund. This book was released on 2019-03-26 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States – Mexico – Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize the North-American Free Trade Agreement (NAFTA). This paper uses a global, multisector, computable-general-equilibrium model to provide an analytical assessment of five key provisions in the new agreement, including tighter rules of origin in the automotive, textiles and apparel sectors, more liberalized agricultural trade, and other trade facilitation measures. The results show that together these provisions would adversely affect trade in the automotive, textiles and apparel sectors, while generating modest aggregate gains in terms of welfare, mostly driven by improved goods market access, with a negligible effect on real GDP. The welfare benefits from USMCA would be greatly enhanced with the elimination of U.S. tariffs on steel and aluminum imports from Canada and Mexico and the elimination of the Canadian and Mexican import surtaxes imposed after the U.S. tariffs were put in place.
Download or read book OECD Economic Outlook Volume 2016 Issue 2 written by OECD and published by OECD Publishing. This book was released on 2016-12-17 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years.
Download or read book Assessment of the Economic Effects on the U S of China s Access to the World Trade Organization WTO Inv 332 403 written by and published by DIANE Publishing. This book was released on with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
