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ResearchPaper
2018
Trade and welfare effects of a potential free trade agreementbetween Japan and the United States
Trade and welfare effects of a potential free trade agreementbetween Japan and the United States
Abstract (English)
This paper deals with the trade and welfare effects of a potential bilateral trade agreement between the US and Japan. A possible agreement is currently being discussed between Washington and Tokyo, although, there is also the alternative for the US government joining Trans-Pacific Partnership (TPP). Based on the theoretical model of Caliendo and Parro (2015) I analyse the welfare gains of such a bilateral free trade agreement (FTA) in the style of Aichele et al. (2014). In particular, I simulate three scenarios with different levels of integration: The reduction of tariffs only, the scenario of a shallow FTA, and a deep FTA. In addition, the paper compares the trade and welfare changes of a deep FTA to the welfare effects of TPP. The findings are that Japan has the highest welfare gains with a FTA (0.085%), whilst the United States benefits the most from TPP with a welfare gain of 0.05%.
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Hohenheim discussion papers in business, economics and social sciences; 2018,16
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Faculty of Business, Economics and Social Sciences
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Institute of Economics
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English
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330 Economics
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BibTeX
@techreport{Walter2018,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6286},
author = {Walter, Timo},
title = {Trade and welfare effects of a potential free trade agreementbetween Japan and the United States},
year = {2018},
school = {Universität Hohenheim},
series = {Hohenheim discussion papers in business, economics and social sciences},
}