Global Supply Chains and Mega-Regional Trade AgreementsGlobal Supply • September 21st, 2021
We have witnessed increasing prominence of trade in intermediate products. International fragmentation of production chains has been motivated by sourcing intermediate inputs from more cost-efficient producers to enhance efficiency. In order to estimate the effects of trade agreements on countries linked to global supply chains (GSCs) more accurately, we utilize the GTAP database and inter-country input-output tables to construct a global computable general equilibrium (CGE) model that disaggregates imports of intermediate products by country of origin. Using this modified model, we estimate the welfare and sectoral output effects of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP). When imported intermediates of the CPTPP member countries from their partner countries are assumed to exogenously increase, the magnitudes of both welfare gains and sectoral output changes of several CPTPP17 countrie
MUTUAL NON-DISCLOSURE AND NON-CIRCUMVENTION AGREEMENT (NCNDA)Global Supply • May 15th, 2022 • California
