Summary of Economic Analysis of TTIP

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Economic Analysis of TTIP summary
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The Transatlantic Trade and Investment Partnership (TTIP) could mean a more open economic environment between the European Union and the United States. TTIP’s potential gains would come from the reduction or removal of tariffs, the decreased costs of regulatory monitoring, and greater cooperation and productivity. However, various studies differ on the exact impacts of the trade deal on jobs and growth. In this report, economist Gabriel Felbermayr provides an in-depth look at the difficulties in measuring the future benefits or costs of this groundbreaking pact. getAbstract recommends this analysis to policy makers and executives.

About the Author

Gabriel Felbermayr is the director of the Ifo Center for International Economics.

 

Summary

The proposed Transatlantic Trade and Investment Partnership (TTIP) is a subject of contentious debate as much for how policy makers and economists simulate and interpret its potential outcomes as for the gains that it could produce.

Studies take different approaches to forecasting outcomes, depending on the data selected, the starting year of the analysis and the structure of the models. Those that focus on a single industry sector typically yield favorable results for participants in TTIP but less sanguine ones for “outsiders” that are excluded from the agreement. By contrast, studies that...


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