Impact of the Transatlantic Trade and Investment Partnership (TTIP) on the Economies of Brazil, Russia, India, China and South Africa (BRICS)

• 영문명: Impact of the Transatlantic Trade and Investment Partnership (TTIP) on the Economies of Brazil, Russia, India, China and South Africa (BRICS)
• 발행기관: 한국무역연구원
• 저자명: JongHwan Ko
• 간행물 정보: 『무역연구』제12권 제1호, 1~19쪽, 전체 19쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2016.02.29

영문 초록

This paper aims to quantify the potential effects of the Transatlantic Trade and InvestmentPartnership (TTIP) being negotiated between the EU and the U.S. on the economies of Brazil,Russia, India, China and South Africa (BRICS). The BRICS is distinguished by its large,fast-growing economies and significant influence on regional and global affairs. The methodused for this study is the GTAP-FDI model that explicitly takes into account foreign directinvestment (FDI) and foreign commercial presence differentiated by the country of locationand ownership. The main findings of the study are as follows. Only Russia of BRICS isexpected to gain from the TTIP a slight additional increase in the real GDP. Brazil, India,China and South Africa are to be negatively affected, albeit negligible, by the TTIP in termsof economic growth. Korea and the rest of the world (ROW) are to be positively affected bythe TTIP in terms of economic growth. On the other hand, Japan is to be negatively affectedby the TTIP. This implies that the TTIP will be a trade-creating free trade agreement toKorea, Russia and the ROW, while it will be a trade-diverting FTA to Brazil, India, China,South Africa and Japan.

목차

Abstract

Ⅰ. Introduction

Ⅱ. The CGE Model and Data

Ⅲ. Baseline and Policy Scenarios

Ⅳ. Simulation Results

Ⅴ. Conclusion

References

키워드

BRICS FDI Foreign Commercial Presence GTAP-FDI Model Transatlantic Trade and Investment Partnership (TTIP)