Economic and welfare impacts of prospective India–Australia FTA using GTAP and SMART models

Shahid Ahmed

International Journal of Business and Emerging Markets, 2011, vol. 3, issue 4, 396-417

Abstract: This study investigates the potential economic impacts of prospective India–Australia Free Trade Agreement (FTA) using a Computable General Equilibrium (CGE) model. Four hypothetical tariff liberalisation scenarios are examined in this study focusing on short and long run. The study reveals that both India and Australia gain in terms of welfare. Allocative efficiency for Australia and India broadly improves, suggesting that net trade creation occurs. The study recommends partial and selected tariff liberalisation as the best strategy in India's interest while negotiating prospective India–Australia FTA.

Keywords: computable general equilibrium; CGE models; economic integration; emerging markets; GTAP; global trade analysis project; SMART; India Australia FTA; free trade agreements; tariff liberalisation. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbema:v:3:y:2011:i:4:p:396-417

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