CORDIS Project
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The COST project focuses on improving the accuracy of Computable General Equilibrium models used to assess Regional Trade Agreements. It aims to develop better measures of trade costs, including those that are non-discriminatory, to enhance predictions of trade impacts.
In recent decades, Regional Trade Agreements (RTA) have become increasingly prevalent. A common way of assessing costs and benefits of RTAs is by using Computable General Equilibrium (CGE) approach. CGE based studies then use this framework to forecast for example, the trade growth, job creation, and welfare gains from forming RTAs.
Unfortunately, their predictions poorly match the actual medium to long run outcomes of existing RTAs.
With RTAs such as the Trans-Pacific Partnership (TPP) and th…
UNIVERSITY COLLEGE DUBLIN, NATIONAL UNIVERSITY OF IRELAND, DUBLIN
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