Year: 2015
Type: preprint
Abstract: Key Findingsthough positive effects.Furthermore, the gains to the transatlantic economies from NTB reduction are not projected to be at the expense of the rest of the world, though the rest-of-world impact hinges critically on the potential for global convergence toward EU-US standards, which could then become de facto global standards and have a knock-on effect lowering NTBs multilaterally.Such a process implies improvement of market access for third countries, helping to offset trade diversion.Finally, this study also reports estimates on sustainability impacts --changes in emissions and in natural resource utilization.Elimination of NTBs implies improved productivity (i.e. less primary inputs are required for current activity).The results point to negligible effects on the rate of CO2 emissions and utilisation of natural resources.
Institution: Centre for Economic Policy Research
Language: English
Topic: Global trade and economics
Domain: Social Sciences
SDG: Climate action
Open Access status: green
OpenAlex ID: W2119609646