IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/78318.html
   My bibliography  Save this paper

A CGE Analysis of Pakistan-Turkey Free Trade Agreement

Author

Listed:
  • Ali, Ashfaque

Abstract

This paper investigates the possible impacts of Pakistan-Turkey free trade agreement (Pak-Turk FTA) on various sectors of the economy in the two countries under four different possible FTA scenarios by using computable general equilibrium model GTAP. Global Trade Analysis Project (GTAP) model has been extensively used in FTAs and other Trade related studies to evaluate the economy-wide potential impact of economic policy reforms. Current study uses the GTAP database7 which includes; 57 tradable commodities and 113 regions across the world. Our findings suggest that; Turkey is more beneficial from Free Trade Agreement as compared to Pakistan .Overall impact of trade liberalization is favorable for both economies, but liberalization of protected sectors may prove to be unfavorable for the economy in case of Pakistan. And there is a huge potential for bilateral trade in textile and chemical sector.

Suggested Citation

  • Ali, Ashfaque, 2017. "A CGE Analysis of Pakistan-Turkey Free Trade Agreement," MPRA Paper 78318, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:78318
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/78318/1/MPRA_paper_78318.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Scott McDonald & Sherman Robinson & Karen Thierfelder, 2007. "Globe: A SAM Based Global CGE Model using GTAP Data," Departmental Working Papers 14, United States Naval Academy Department of Economics.
    2. Gemma Estrada & Donghyun Park & Innwon Park & Soonchan Park, 2012. "China's Free Trade Agreements with ASEAN, Japan and Korea: A Comparative Analysis," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 20(4), pages 108-126, July.
    3. Brockmeier, Martina, 2001. "A Graphical Exposition of the GTAP Model," GTAP Technical Papers 311, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    4. repec:lje:journl:v:19:y:2014:i:sp:p:349-370 is not listed on IDEAS
    5. Brockmeier, Martina, 2001. "A Graphical Exposition Of The Gtap Model," Technical Papers 28706, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, December.
    7. Estrada, Gemma & Park, Donghyun & Park, Innwon & Park, Soonchan, 2012. "The PRC’s Free Trade Agreements with ASEAN, Japan, and the Republic of Korea: A Comparative Analysis," Working Papers on Regional Economic Integration 92, Asian Development Bank.
    8. Faruk Aydin & Hulya Saygili & Mesut Saygili, 2007. "Empirical Analysis of Structural Change in Turkish Exports," Working Papers 0708, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Erwin Corong & Thomas Hertel & Robert McDougall & Marinos Tsigas & Dominique van der Mensbrugghe, 2017. "The Standard GTAP Model, version 7," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 2(1), pages 1-119, June.
    2. Curzel, Rosana & Silber, Simão Davi & Guilhoto, Joaquim José Martins, 2007. "Argentina, Brasil e Uruguai: um estudo dos impactos regionais da ALCA [Argentina, Brazil and Uruguay: a study of the regional impacts of ALCA]," MPRA Paper 54502, University Library of Munich, Germany.
    3. Theodoros N. Chatzivasileiadis & Marjan W. Hofkes & Onno J. Kuik & Richard S.J. Tol, 2016. "Full economic impacts of sea level rise: loss of productive resources and transport disruptions," Working Paper Series 09916, Department of Economics, University of Sussex Business School.
    4. Van Ha, Pham & Kompas, Tom & Nguyen, Hoa Thi Minh & Long, Chu Hoang, 2017. "Building a better trade model to determine local effects: A regional and intertemporal GTAP model," Economic Modelling, Elsevier, vol. 67(C), pages 102-113.
    5. Flavio Tosi Feijó, 2018. "Brazilian Competitiveness Of Energy-Intensive And Trade-Exposed Industrial Sectors Vis-À-Vis The Adoption Of Border Carbon Adjustments By The Eu: An Approach Using The Gtap-Ep Model," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 100, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    6. Roberto Roson & Martina Sartori, 2010. "Water Scarcity and Virtual Water Trade in the Mediterranean," Working Papers 2010_08, Department of Economics, University of Venice "Ca' Foscari".
    7. Khalid H. A. Siddig, 2011. "From Bilateral Trade To Multilateral Pressure: A Scenario Of European Union Relations With Sudan," Middle East Development Journal (MEDJ), World Scientific Publishing Co. Pte. Ltd., vol. 3(01), pages 55-73.
    8. Theodoros N. Chatzivasileiadis & Marjan W. Hofkes & Onno J. Kuik & Richard S.J. Tol, 2016. "Full economic impacts of sea level rise: loss of productive resources and transport disruptions," Working Paper Series 9916, Department of Economics, University of Sussex.
    9. Roberto Roson & Martina Sartori, 2015. "System-Wide Implications of Changing Water Availability and Agricultural Productivity in the Mediterranean Economies," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 1-30.
    10. Ricardo Arguello, 2004. "An exporatory assessment of the potential impact of the free trade area of the americas on the andean community," Borradores de Investigación 4332, Universidad del Rosario.
    11. Aguiar, Angel & Corong, Erwin & van der Mensbrugghe, Dominique, 2020. "The GTAP Recursive Dynamic (GTAP-RD) Model: Version 1.0," Conference papers 333133, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    12. Adam Rose & Terrie Walmsley & Dan Wei, 2021. "Spatial transmission of the economic impacts of COVID-19 through international trade," Letters in Spatial and Resource Sciences, Springer, vol. 14(2), pages 169-196, August.
    13. McDonald, Scott & Sonmez, Yontem & Perraton, Jonathan, 2006. "Labour Migration and Remittances: Some Implications of Turkish Workers in Germany," Conference papers 331524, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    14. repec:zbw:bofitp:2004_002 is not listed on IDEAS
    15. van der Mensbrugghe, Dominique, 2019. "The Standard GTAP Model in GAMS, Version 7.1," GTAP Technical Papers 6825, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    16. Tewodros Negash Kahsay & Onno Kuik & Roy Brouwer & Pieter Van Der Zaag, 2017. "The Economy-Wide Impacts Of Climate Change And Irrigation Development In The Nile Basin: A Computable General Equilibrium Approach," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 1-30, February.
    17. Kerkelä, Leena, 2004. "Distortion costs and effects of price liberalisation in Russian energy markets : A CGE analysis," BOFIT Discussion Papers 2/2004, Bank of Finland, Institute for Economies in Transition.
    18. van der Mensbrugghe, Dominique, 2019. "The Standard GTAP Model in GAMS, Version 7.1," GTAP Working Papers 6825, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    19. Lars WANG & Hidekazu ITOH, 2010. "Economic Effects of Information Technology Oriented Joint Ventures in China: A CGE Analysis," EcoMod2004 330600156, EcoMod.
    20. Yang, Anton C., 2015. "Why public acceptance matters in GMO food markets?," Conference papers 332565, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    21. Wolfgang Britz & Roberto Roson, 2018. "Exploring Long Run Structural Change with a Dynamic General Equilibrium Model," Working Papers 2018: 12, Department of Economics, University of Venice "Ca' Foscari".

    More about this item

    Keywords

    Computable General Equilibrium (CGE) Analysis; Free Trade Agreement (FTA); Pakistan; and Turkey.;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:78318. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.