The impact of the Transatlantic Trade and Investment Partnership (TTIP) to the American and European economies

Authors

  • Mygre Lopes da Silva Mestranda do Programa de Pós-Graduação em Administração (PPGA) da UFSM e bolsista de mestrado da FAPERGS. E-mail: mygrelopes@gmail.com
  • Daniel Arruda Coronel UFSM
  • Clailton Ataídes de Freitas Professor Associado III da UFSM e do Programa de Pós-Graduação em Economia e Desenvolvimento (PPGE&D).
  • Rodrigo Abbade da Silva Mestrando do PPGA da UFSM e bolsista de mestrado da Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES). E-mail:abbaders@gmail.com.

DOI:

https://doi.org/10.4013/pe.2015.112.05

Abstract

The objective of this work is to verify the impact of the creation of a free trade area between the United States and the European Union, known as the Transatlantic Trade and Investment Partnership (TTIP), in the economies of these regions. For this purpose, it was used the model of General Equilibrium (GTAPinGAMS) from the database of the General Equilibrium Analysis Project of the Brazilian Economy (PAEG). In this sense, two scenarios were created, the first with the elimination of import tariff s between the EU and the US, and the second with the full liberalization of trade. The results indicate that the economic impacts in the first scenario would be more positive for the US than for the EU. However, the eff ects of the agreement would not be sufficient to ensure the TTIP. In the second scenario, the EU would be the most benefited, because the deal provokes greater economic efficiency gains and suggests the importance of subsidies in the consolidation of the block.

Keywords: regional integration, international trade, TTIP.

Author Biographies

Mygre Lopes da Silva, Mestranda do Programa de Pós-Graduação em Administração (PPGA) da UFSM e bolsista de mestrado da FAPERGS. E-mail: mygrelopes@gmail.com

Mestranda do Programa de Pós-Graduação em Administração (PPGA) da UFSM e bolsista de mestrado da FAPERGS. E-mail: mygrelopes@gmail.com

Daniel Arruda Coronel, UFSM

 

Professor Adjunto do Programa de Pós-Graduação em Administração da UFSM

Doutor em Economia Aplicada (UFV)
Mestre em Agronegócios (UFRGS)
Economista (UFSM)

Clailton Ataídes de Freitas, Professor Associado III da UFSM e do Programa de Pós-Graduação em Economia e Desenvolvimento (PPGE&D).

Professor Associado III da UFSM e do Programa de Pós-Graduação em Economia e Desenvolvimento (PPGE&D).

Rodrigo Abbade da Silva, Mestrando do PPGA da UFSM e bolsista de mestrado da Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES). E-mail:abbaders@gmail.com.

Mestrando do PPGA da UFSM e bolsista de mestrado da Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES). E-mail:abbaders@gmail.com.

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Published

2016-01-09

Issue

Vol. 11 No. 2 (2015): Jul-Dec

Section

Articles

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