EU-US Transatlantic Trade and Investment Partnership: Detailed Appraisal of the Commission's Impact Assessment
This research paper examines the appropriateness and validity of the methodology behind the European Commission’s Impact Assessment (IA) of the Transatlantic Trade and Investment Partnership (TTIP), focusing in particular on the underlying economic model, a computable general equilibrium (CGE). The methodology applied by CEPR for this economic modelling is analysed in depth, together with the assumptions used to make the TTIP amenable to an economic appraisal. The research paper also compares the IA on the TTIP with selected previous empirical economic assessments of EU trade agreements and with a set of alternative studies on the TTIP itself. In reading our findings, two central caveats should be kept in mind that affect any analysis of the CGE model included in the European Commission's Impact Assessment. First, the TTIP is a rather unusual bilateral trade agreement; and second, the TTIP is so wide-ranging that an alternative approach, such as the so-called 'partial' (equilibrium) approach – already a second-best solution – would be totally inappropriate to the case under examination.
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Externe auteur
Jacques Pelkmans, Arjan Lejour, Lorna Schrefler, Federica Mustilli and Jacopo Timini (CEPS)
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Publicatietype
Beleidsterrein
Zoekterm
- Amerika
- arbeidsmarkt
- arbeidsmarkt
- ECONOMIE
- ECONOMIE, VERKEER EN HANDELSVERKEER
- economisch gevolg
- economisch model
- economische analyse
- economische geografie
- economische prognose
- EUROPESE UNIE
- GEOGRAFIE
- handelsbeleid
- handelsovereenkomst (EU)
- impactonderzoek
- internationale handel
- invloed op het milieu
- MILIEU
- milieubeleid
- niet-tarifaire handelsbelemmering
- Opbouw van Europa
- overheidscontract
- politieke geografie
- PRODUCTIE, TECHNOLOGIE EN ONDERZOEK
- research en intellectuele eigendom
- sociaal effect
- sociale omstandigheden
- SOCIALE VRAAGSTUKKEN
- Verenigde Staten
- vergelijkend onderzoek
- vrijhandelsovereenkomst
- WERKGELEGENHEID EN ARBEID