Welfare Impacts of Preferential Trade Liberalization in South Asia
Focusing on the global trading relationship aggregated at the level of 15 regions and 10 sectors, we investigate in this paper the welfare effects of preferential trade liberalisation in South Asia from several simulation perspectives. The static version of the Global Trade Analysis Project (GTAP) m...
| Main Authors: | , , |
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| Format: | Journal Article |
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Tennessee State University College of Business
2015
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| Online Access: | http://hdl.handle.net/20.500.11937/33469 |
| _version_ | 1848753954907750400 |
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| author | Islam, A. Salim, Ruhul Bloch, Harry |
| author_facet | Islam, A. Salim, Ruhul Bloch, Harry |
| author_sort | Islam, A. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Focusing on the global trading relationship aggregated at the level of 15 regions and 10 sectors, we investigate in this paper the welfare effects of preferential trade liberalisation in South Asia from several simulation perspectives. The static version of the Global Trade Analysis Project (GTAP) model shows that countries that are initially more protected (such as India) are likely to capture the lion’s share of the gain from the liberalization scheme. Countries that maintain status quo are the losers; prominent among them are the EU 25 and the North America region. However, these results are dramatically changed in the dynamic version of the GTAP model. In terms of deviations from the baseline scenario, the regional integration policy in South Asia turns out to be net welfare reducing for both the region and the rest of the world. |
| first_indexed | 2025-11-14T08:32:44Z |
| format | Journal Article |
| id | curtin-20.500.11937-33469 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:32:44Z |
| publishDate | 2015 |
| publisher | Tennessee State University College of Business |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-334692017-09-13T15:30:24Z Welfare Impacts of Preferential Trade Liberalization in South Asia Islam, A. Salim, Ruhul Bloch, Harry Welfare South Asia Regional Integration Focusing on the global trading relationship aggregated at the level of 15 regions and 10 sectors, we investigate in this paper the welfare effects of preferential trade liberalisation in South Asia from several simulation perspectives. The static version of the Global Trade Analysis Project (GTAP) model shows that countries that are initially more protected (such as India) are likely to capture the lion’s share of the gain from the liberalization scheme. Countries that maintain status quo are the losers; prominent among them are the EU 25 and the North America region. However, these results are dramatically changed in the dynamic version of the GTAP model. In terms of deviations from the baseline scenario, the regional integration policy in South Asia turns out to be net welfare reducing for both the region and the rest of the world. 2015 Journal Article http://hdl.handle.net/20.500.11937/33469 10.1353/jda.2015.0070 Tennessee State University College of Business fulltext |
| spellingShingle | Welfare South Asia Regional Integration Islam, A. Salim, Ruhul Bloch, Harry Welfare Impacts of Preferential Trade Liberalization in South Asia |
| title | Welfare Impacts of Preferential Trade Liberalization in South Asia |
| title_full | Welfare Impacts of Preferential Trade Liberalization in South Asia |
| title_fullStr | Welfare Impacts of Preferential Trade Liberalization in South Asia |
| title_full_unstemmed | Welfare Impacts of Preferential Trade Liberalization in South Asia |
| title_short | Welfare Impacts of Preferential Trade Liberalization in South Asia |
| title_sort | welfare impacts of preferential trade liberalization in south asia |
| topic | Welfare South Asia Regional Integration |
| url | http://hdl.handle.net/20.500.11937/33469 |