Studies of TPP: Which is Credible?

January 29, 2016

To decide which of these studies is more credible, three questions should be asked: First, is the model that is used appropriate for exploring trade policy? Second, has the TPP been depicted in that model in a sensible way? And third, are the results of the model credible? I argue not only that the PP model is superior on all counts but also that whatever the merits of the model used by GDAE, it is simply not suited for credibly predicting the effects of the TPP.

Read Full Material: Link


Topics: ECONOMIC GROWTH MEGA-REGIONAL AGREEMENT

Regions: UNITED STATES ASIA-PACIFIC

Authors: ROBERT Z. LAWRENCE

Publishing Institution: PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS

RTA

Other Research

RTA

Trade Balances and the NAFTA Renegotiation

June 1, 2017

The Trump administration’s strategy toward trade agreements in general, and the North American Free Trade Agreement (NAFTA) in particular, is fundamentally misplaced for two reasons: (1) its... READ MORE

RTA

Making Trade Work for All

May 25, 2017

Against the background of rising anti-globalisation sentiment, this report argues that, while there are good reasons for some people to be angry, trade is not the root of many problems, nor can it... READ MORE