BEGIN:VCALENDAR
VERSION:2.0
METHOD:PUBLISH
PRODID:-//Telerik Inc.//Sitefinity CMS 15.1//EN
BEGIN:VTIMEZONE
TZID:Eastern Standard Time
BEGIN:STANDARD
DTSTART:20251102T020000
RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11
TZNAME:Eastern Standard Time
TZOFFSETFROM:-0400
TZOFFSETTO:-0500
END:STANDARD
BEGIN:DAYLIGHT
DTSTART:20250301T020000
RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3
TZNAME:Eastern Daylight Time
TZOFFSETFROM:-0500
TZOFFSETTO:-0400
END:DAYLIGHT
END:VTIMEZONE
BEGIN:VEVENT
DESCRIPTION:Gabriel Felbermayr\, University of Munich and Ifo Institute\, M
 unishGoing Deep: The Trade and Welfare Effects of TTIPSince\nJuly 2013\, t
 he EU and the US have been negotiating a preferential trade\nagreement (PT
 A)\, the Transatlantic Trade and Investment Partnership (TTIP). The\nautho
 rs use a multi-country\, multi-industry Ricardian\ntrade model with nation
 al and international input-output linkages to quantify\nits potential econ
 omic consequences. They structurally estimate the sectoral\ntrade flow ela
 sticities of\ntrade costs and of existing PTAs. They simulate the trade\, 
 value added\, and\nwelfare effects of the TTIP\, assuming that the agreeme
 nt would eliminate all\ntransatlantic tariffs and reduce non-tariff barrie
 rs as other deep PTAs have.\nThe long-run level of real per capita income 
 would change by 2.12% in the EU\,\nby 2.68% in the US\, and by -0.03% in t
 he rest of the world relative to the\nstatus quo. However\, there is subst
 antial heterogeneity across the 134\ngeographical entities that they inves
 tigate. Gross value of EU-US trade could\ntriple\, but its value added wou
 ld grow by substantially less. Moreover\, trade\ndiversion effects are mor
 e pronounced in value added trade than in gross trade.\nThis signals a dee
 pening of the transatlantic value chain.Gabriel Felbermayr is\nProfessor o
 f Economics at the University of Munich and Director of the Center\nfor In
 ternational Economics at the Ifo\nInstitute in Munich. Gabriel’s main area
  of research is international trade. He\nhas published extensively in top 
 field journals such as the Journal of\nInternational Economics and the Jou
 rnal of Development Economics as well as in\nmore general-interest economi
 cs journals such as the Review of Economics and\nStatistics\, Journal of E
 conomic Theory and American Economic Journal: Economic Policy.Open to the 
 PublicCo-Sponsored by the Department of Economics and the Trade Developmen
 t and Political Economy Program at the Moynihan Institute of Global Affair
 s  
DTEND:20150422T163000Z
DTSTAMP:20260511T205455Z
DTSTART:20150422T153000Z
LOCATION:
SEQUENCE:0
SUMMARY:TDPE presents: Gabriel Felbermayr
UID:RFCALITEM639141152955419318
X-ALT-DESC;FMTTYPE=text/html:<p></p><p><b>Gabriel Felbermayr</b>\, <i>Unive
 rsity of Munich and Ifo Institute\, Munish</i></p><p><b>Going Deep: The Tr
 ade and Welfare Effects of TTIP</b></p><p>Since\nJuly 2013\, the EU and th
 e US have been negotiating a preferential trade\nagreement (PTA)\, the Tra
 nsatlantic Trade and Investment Partnership (TTIP). The\nauthors use a mul
 ti-country\, multi-industry Ricardian\ntrade model with national and inter
 national input-output linkages to quantify\nits potential economic consequ
 ences. They structurally estimate the sectoral\ntrade flow elasticities of
 \ntrade costs and of existing PTAs. They simulate the trade\, value added\
 , and\nwelfare effects of the TTIP\, assuming that the agreement would eli
 minate all\ntransatlantic tariffs and reduce non-tariff barriers as other 
 deep PTAs have.\nThe long-run level of real per capita income would change
  by 2.12% in the EU\,\nby 2.68% in the US\, and by -0.03% in the rest of t
 he world relative to the\nstatus quo. However\, there is substantial heter
 ogeneity across the 134\ngeographical entities that they investigate. Gros
 s value of EU-US trade could\ntriple\, but its value added would grow by s
 ubstantially less. Moreover\, trade\ndiversion effects are more pronounced
  in value added trade than in gross trade.\nThis signals a deepening of th
 e transatlantic value chain.</p><p>Gabriel Felbermayr is\nProfessor of Eco
 nomics at the University of Munich and Director of the Center\nfor Interna
 tional Economics at the Ifo\nInstitute in Munich. Gabriel’s main area of r
 esearch is international trade. He\nhas published extensively in top field
  journals such as the Journal of\nInternational Economics and the Journal 
 of Development Economics as well as in\nmore general-interest economics jo
 urnals such as the Review of Economics and\nStatistics\, Journal of Econom
 ic Theory and American Economic Journal: Economic Policy.</p><p>Open to th
 e Public</p><p><b><i>Co-Sponsored by the Department of Economics and the T
 rade Development and Political Economy Program at the Moynihan Institute o
 f Global Affairs</i></b></p><p> </p><p> </p><p></p>
END:VEVENT
END:VCALENDAR