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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Autor extern
Jacques Pelkmans, Arjan Lejour, Lorna Schrefler, Federica Mustilli and Jacopo Timini (CEPS)
Despre acest document
Tipul publicației
Domeniul tematic
Cuvânt-cheie
- acord comercial (UE)
- acord de comerț liber
- America
- analiză comparativă
- analiză economică
- ANGAJARE ÎN MUNCĂ ŞI CONDIŢII DE MUNCĂ
- barieră netarifară
- cercetare şi proprietate intelectuală
- COMERŢ
- comerţ internaţional
- consecințe economice
- construcţie europeană
- context social
- contract public
- ECONOMIE
- GEOGRAFIE
- geografie economică
- geografie politică
- impact asupra mediului
- impact social
- MEDIU ÎNCONJURĂTOR
- model economic
- piaţa muncii
- piața muncii
- politica mediului înconjurător
- politică comercială
- previziune economică
- PROBLEME SOCIALE
- PRODUCŢIE, TEHNOLOGIE ŞI CERCETARE
- Statele Unite
- studiu de impact
- UNIUNEA EUROPEANĂ