Artikel
The blind spots of trade impact assessment: macroeconomic adjustment costs and the social costs of regulatory change
Economic studies on trade liberalization typically highlight positive expected effects. This paper discusses those issues which are frequently neglected, but are nevertheless important for policy-makers. These are macroeconomic adjustment costs and social costs of regulatory change. Our discussion uses the most relevant studies on the economic effects of the Transatlantic Trade and Investment Partnership (TTIP) as reference points. We provide a rough estimate of macroeconomic adjustment costs of TTIP in the order of €33–60 billion over a 10-year transition period. Our analysis of regulatory change concludes that assessments have been biased and that the social costs of regulatory change due to TTIP might be substantial. Given the prominence of regulatory issues on the trade agenda, we call for full ex-ante regulatory impact assessment of future trade agreements.
- Language
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Englisch
- Bibliographic citation
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Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 13 ; Year: 2016 ; Issue: 1 ; Pages: 87-102
- Classification
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Wirtschaft
Trade Policy; International Trade Organizations
Empirical Studies of Trade
Trade: Forecasting and Simulation
- Subject
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trade policy
trade impact assessment
non-tariff measures
macroeconomic adjustment costs
social costs
- Event
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Geistige Schöpfung
- (who)
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Raza, Werner
Tröster, Bernhard
von Arnim, Rudi
- Event
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Veröffentlichung
- (who)
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Edward Elgar Publishing
- (where)
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Cheltenham
- (when)
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2016
- DOI
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doi:10.4337/ejeep.2016.01.08
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Raza, Werner
- Tröster, Bernhard
- von Arnim, Rudi
- Edward Elgar Publishing
Time of origin
- 2016
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