Much Ado About Nothing? A Quantitative Analysis of Transatlantic Trade Liberalization

Michael Paul Pflüger and Oliver Krebs

VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy from Verein für Socialpolitik / German Economic Association

Abstract: This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to base our estimate on a new quantitative trade model with an associated recent technique which is far more parsimonious and has a far tighter connection between theory and data than previous approaches. We make use of the recently established detailed World Input Output Database (WIOD). This allows us to take input-output linkages pertaining among industries into account. We also explore the consequences of labor mobility across the countries of the European Union.

JEL-codes: F10 F16 F20 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-int
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https://www.econstor.eu/bitstream/10419/113025/1/VfS_2015_pid_255.pdf (application/pdf)

Related works:
Working Paper: How Deep Is Your Love? A Quantitative Spatial Analysis of the Transatlantic Trade Partnership (2015)
Working Paper: How How Deep is Your Love? A Quantitative Spatial Analysis of the Transatlantic Trade Partnership (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc15:113025

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