{"id":1174,"date":"2023-02-13T16:19:15","date_gmt":"2023-02-13T16:19:15","guid":{"rendered":"https:\/\/www.fiw.ac.at\/publications\/modeling-the-effects-of-free-trade-agreements-between-the-eu-and-canada-usa-and-moldova-georgia-armenia-on-the-austrian-economy-model-simulations-for-trade-policy-analysis\/"},"modified":"2023-05-11T15:30:30","modified_gmt":"2023-05-11T13:30:30","slug":"modeling-the-effects-of-free-trade-agreements-between-the-eu-and-canada-usa-and-moldova-georgia-armenia-on-the-austrian-economy-model-simulations-for-trade-policy-analysis","status":"publish","type":"publication","link":"https:\/\/www.fiw.ac.at\/en\/publications\/modeling-the-effects-of-free-trade-agreements-between-the-eu-and-canada-usa-and-moldova-georgia-armenia-on-the-austrian-economy-model-simulations-for-trade-policy-analysis\/","title":{"rendered":"Modeling the Effects of Free Trade Agreements between the EU and Canada, USA and Moldova\/Georgia\/Armenia on the Austrian Economy: Model Simulations for Trade Policy Analysis"},"content":{"rendered":"\n

This study examines the economic impact on Austria of three possible new EU free trade agreements: (1) an EU-US agreement; (2) an EU-Canada agreement; and (3) an EUArmenia\/Georgia\/Moldova agreement. This is done with a computational model of the global economy. The trade agreements are modeled as a mix of preferential tariff reductions and reductions in non-tariff measures that affect both goods and services. The primary impact follows from NTM reduction rather than tariff reductions. Of the three agreements, a potential agreement with the US is by far the most important. This follows from the size of the US economy. The US accounts for roughly one-quarter of extra-EU Austrian exports. Overall, the combined impact of the FTAs studied is positive. Most of the impact follows from investment response. Productivity gains from NTM reduction mean a combination of increased national income, higher wages, and employment, and increased capital stocks for the Austrian economy.<\/p>\n","protected":false},"featured_media":0,"menu_order":0,"template":"","jelcode":[223,86,26],"keyword":[351,353,142,350,352],"class_list":["post-1174","publication","type-publication","status-publish","hentry","jelcode-c68","jelcode-f15","jelcode-f17","keyword-canada","keyword-cge-modeling","keyword-eu","keyword-free-trade-agreements","keyword-usa"],"acf":{"year":2013,"month":1,"day":"","volume":"IV","number":"003","pages":38,"reviewed":"","citeid":"FIW_RR_12-003","fiwseries":"FIW Studien","event":""},"yoast_head":"\nModeling the Effects of Free Trade Agreements between the EU and Canada, USA and Moldova\/Georgia\/Armenia on the Austrian Economy: Model Simulations for Trade Policy Analysis - FIW<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fiw.ac.at\/en\/publications\/modeling-the-effects-of-free-trade-agreements-between-the-eu-and-canada-usa-and-moldova-georgia-armenia-on-the-austrian-economy-model-simulations-for-trade-policy-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Modeling the Effects of Free Trade Agreements between the EU and Canada, USA and Moldova\/Georgia\/Armenia on the Austrian Economy: Model Simulations for Trade Policy Analysis - FIW\" \/>\n<meta property=\"og:description\" content=\"This study examines the economic impact on Austria of three possible new EU free trade agreements: (1) an EU-US agreement; (2) an EU-Canada agreement; and (3) an EUArmenia\/Georgia\/Moldova agreement. 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