 Economic Impact of Freer Trade in Latin America and the Caribbean: A GTAP AnalysisKakali Mukhopadhyay, Paul J. Thomassin and Debesh Chakraborty Latin American Journal of Economics-formerly Cuadernos de Economía, 2012, vol. 49, issue 2, 147-183 Abstract: The recent worldwide economic conditions resulting from the financial crisis call for greater cooperation. This paper assesses the impact of trade reforms between Latin America and the Caribbean (LAC) and India and LAC and the EU (European Union) at 2020 using a global computable general equilibrium (CGE) model. The findings show that LAC-EU tariff reduction appears to be beneficial for both regions in the short run, though not so in the long run, while the LAC-India tariff reduction impact appears to be more beneficial for both economies in the long run. This important finding emphasizes the scope and opportunities for south-south cooperation in the long run. Keywords: Latin America and the Caribbean; European Union; India; Global Trade Analysis Project (GTAP) (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ioe:cuadec:v:49:y:2012:i:2:p:147-183 Ordering information: This journal article can be ordered from Access Statistics for this article Latin American Journal of Economics-formerly Cuadernos de Economía is currently edited by Raimundo Soto More articles in Latin American Journal of Economics-formerly Cuadernos de Economía from Instituto de Economía. Pontificia Universidad Católica de Chile. Contact information at EDIRC. |
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