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Agricultural Trade Impacts of RCEP: an Integrated Partial Equilibrium and General Equilibrium Assessment

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  • He, Xi
  • Yang, Anton
  • Balistreri, Edward J.
  • Zhang, Wendong

Abstract

Multilateral trade-policy evaluation and policymaking depends on our continuing efforts to better model economic impacts. Recent innovations link general-equilibrium (GE) and partial-equilibrium (PE) models to capture both economy-wide and product-specific impacts. In this paper we highlight tariff aggregation issues in the context of the Regional Comprehensive Economic Partnership (RCEP). We find that product-specific information on tariffs within the PE-GE structure is superior to either trade weighting or simple averaging techniques applied in pure GE studies.

Suggested Citation

  • He, Xi & Yang, Anton & Balistreri, Edward J. & Zhang, Wendong, 2021. "Agricultural Trade Impacts of RCEP: an Integrated Partial Equilibrium and General Equilibrium Assessment," Conference papers 333312, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:333312
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    References listed on IDEAS

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