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Economic Analysis of TTIP
Report

Economic Analysis of TTIP

Ifo, 2016

автоматическое преобразование текста в аудио
автоматическое преобразование текста в аудио

Editorial Rating

7

Qualities

  • Comprehensive
  • Analytical
  • Innovative

Recommendation

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.

Take-Aways

  • The 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.
  • Models that focus on a single industry sector typically yield favorable outcomes for participants in TTIP but less sanguine results for those excluded from the agreement.
  • Some studies assume that trade agreements have no impact on growth rates over the long term, whereas empirical evidence has demonstrated otherwise.

About the Author

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


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