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New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The case of Mercosur and China

Revista Brasileira de Economia

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Title New Tools for the CGE Analysis of PTAs in the era of Non-Tariff Barriers and Global Value Chains: The case of Mercosur and China
 
Creator Ferraz, Lucas Pedreira do Couto; Fundação Getúlio Vargas
Ribeiro, Marcel Bertini; FGV EESP
 
Subject Non-tariff barriers;Global Value Chains;Preferential Trade Agreements
 
Description This article explores new tools for the ex-ante analysis of PTAs using large scale CGE models. The traditional impact analysis based on tariff cuts and gross trade performance is then extended to incorporate new features of the ongoing globalization process, such as non-tariff barriers (NTBs) and the so-called trade in value-added. Several methodological as well as conceptual issues are then readdressed, including the proper use of estimated ad-valorem equivalents of NTBs as inputs in perfect competition CGE models as well as the very concept of a “preferential trade partner” in a world where nearly 65% of global exports correspond to trade in intermediates. The article concentrates its impact analysis on the Brazilian economy – providing an overview of its trade policy over the last decades- and the likely consequences of a hypothetical PTA involving Mercosur and China. 
 
Publisher EGV EPGE
 
Contributor —
 
Date 2018-08-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articles
Artigos
 
Format application/pdf
 
Identifier http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/73281
 
Source Revista Brasileira de Economia; v. 72, n. 3 (2018): JUL-SET; 330-360
Revista Brasileira de Economia; v. 72, n. 3 (2018): JUL-SET; 330-360
1806-9134
0034-7140
 
Language eng
 
Relation http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/73281/73854
 
Rights Direitos autorais 2018 Revista Brasileira de Economia