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The purpose of this paper is to quantify and analyze the relative impact of agriculture Trade liberalization and South Asian Free Trade Agreement (SAFTA) over the global economic welfare. The objectives are to analyze and quantify the potential economic cost and benefits of the prospective trade between India and Pakistan to consumers, producers and government of the two countries by analyzing the potential economic costs and benefits of Pak‐India trade in exporting various consumer goods.

The Global Trade Analysis Project (GTAP) database is the database for the GTAP model of the world economy, which is publicly available. The main data source for this model is “The GTAP 4 Data Base” which is easy to adapt to appropriate sectoral and regional aggregations that allow one to focus on specific policy questions. The regional databases in the model are derived from individual country input‐output (I/O) tables that provide information about the individual regional economies in the model. The bilateral trade data are primarily derived from the United Nations Commodity Trade database. The economic research service (ERS) of the United States Department of Agriculture supplies the missing information in the UN trade data.

The first scenario is when normal trading relations with India will be restored; it means that each country will give the most‐favored‐nations (MFN) status to the other. In the second scenario, the SAFTA will be operative, and there will be free trade between India and Pakistan, and both countries will remove all tariffs and custom duties from each other's imports. The GTAP model is used to analyze the possible impact of SAFTA on Pakistan in a multi‐country, multi‐sector applied general equilibrium framework.

The analysis based on simulations reveals that current demand for Pakistani consumer items will expand after the free trade agreement (FTA) and consumer surplus will increase. The export of consumer items may be conducted by two scenarios, i.e. when normal trading relations between Pakistan and India will be restored and when there will be a free trade between Pakistan and India in the presence of SAFTA. Results based on this research reveal that, on SAFTA grounds, there will be net export benefits in Pakistan's economy.

In this paper, we evaluated the impact of the US “Chip Act” on the participation of the Chinese electronics industry in the global value chain based on the dynamic CGE model. This is a meaningful attempt to use the GTAP-VA model to analyze the electronics industry in China.

We employ a Dynamic GTAP-VA Model to quantitatively evaluate the economic repercussions of the “Chip Act” on the Chinese electronic industries' GVC participation from 2023 to 2040.

The findings depict a discernible contraction in China’s electronic sector by 2040, marked by a −2.95% change in output, a −3.50% alteration in exports and a 0.45% increment in imports. Concurrently, the U.S., EU and certain Asian economies exhibit expansions within the electronic sector, indicating a GVC realignment. The “Chip Act” implementation precipitates a significant divergence in GVC participation across different countries and industries, notably impacting the electronics sector.

Through a meticulous temporal analysis, this manuscript unveils the nuanced economic shifts within the GVC, substantially bridging the empirical void in existing literature. This narrative accentuates the profound implications of policy regulations on global trade dynamics, contributing to the discourse on international economic policy and industry evolution.

We evaluated the impact of the US “Chip Act” on the participation of the Chinese electronics industry in the global value chain based on the dynamic CGE model. This is a meaningful attempt to use the GTAP-VA model to analyze the electronics industry in China.

The interaction between policy regulations and global value chain (GVC) dynamics is pivotal in understanding the contemporary global trade framework, especially within technology-driven sectors. The US “Chips Act” represents a significant regulatory milestone with potential ramifications on the Chinese electronic industries' engagement in the GVC.

The significance of this paper is that it quantifies for the first time the impact of the US Chip Act on the GVC participation index of East Asian countries in the context of US-China decoupling. With careful consideration of strategic aspects, this paper substantially fills the empirical gap in the existing literature by presenting subtle economic changes within GVCs, highlighting the profound implications of policy regulation on global trade dynamics.

The aim of this paper is to deal with the linkage between agricultural trade liberalization and food security in Sub‐Saharan Africa.

The analysis uses the GTAP model which is a global dynamic applied general equilibrium model to assess how the multifarious trade and support policies in agriculture affect the poor in the Sub‐Saharan African group based on food security concerns. The policy strategies analyzed are two liberalization scenarios based on the proposals made in the present round of agricultural negotiations in terms of market access and export competition, plus a free agricultural trade benchmark scenario.

The results of alternative trade liberalization strategies on key food security indicators in the SSA region are ambiguous. The impact varies depending on the extent of liberalization and also the comparative advantage of the SSA group at the sectoral level.

Despite several studies on food security, especially after the food crisis in 2008, very little research has focussed on the agricultural trade liberalization impact with a CGE approach.

The purpose of this paper is to investigate the potential economic effects of the proposed Bangladesh-India free trade agreement (FTA).

The authors have used the computable general equilibrium (CGE) analysis of Global Trade Analysis Project (GTAP) database. The analysis highlights the possible costs and benefits of the two nations within three different scenarios. Under Scenario I all bilateral import tariffs between Bangladesh and India are removed; Scenario II represents the setting where Bangladesh cuts its all tariffs by 75 and in Scenario III Bangladesh cuts tariffs by 50 percent. India cuts all their tariffs by 100 percent in all three scenarios.

The findings indicate that India may gain more in terms of welfare and real GDP via the improved terms of trade while Bangladesh is going to have welfare loss, but if Bangladesh is able to make a preferential FTA like Scenario III with India its welfare, real GDP and exports will be increased substantially.

This paper is the first-ever attempt to estimate the effect of the proposed Bangladesh-India FTA using CGE analysis of GTAP database version 7.

This paper aims to explore the impacts of the recent development of Korean free trade agreements (FTAs) on its seaborne trade volumes. The paper firstly estimates the changes in cargo value flows caused by Korea-EU FTA, Korea-USA FTA and Korea-ASEAN FTA using a global computable general equilibrium model named Global Trade Analysis Project (GTAP) and its most recent database - version 7 with 2004 as the base year. Then a set of systematic conversion factors transferring trade value flows to volume flows of different types of commodities is calibrated according to the United Nations COMTRADE database and is used to convert the GTAP trade value flows into volume flows. Having indentified maritime cargo flows by different commodity types, this paper attempts to draw implications for maritime logistics policy in order to facilitate the trade of Korean merchandises and to propose key competitive strategy for the maritime container transport networking and logistics service providers in the Korean logistics industry.

Since it is difficult for researchers to access data for the North Korean economy, they typically choose a proxy economy for estimating the economic impact of the unification of the two Koreas using a computational general equilibrium (CGE). This paper aims to identify the best proxy economy for North Korea out of the 140 economies (countries) in the Global Trade Analysis Project (GTAP) database version 9.1, which was published in mid-2015. (Ed- if your study aim is ‘to identify the best proxy economy for North Korea’, then you must state your study finding here in the abstract, and also in the conclusion, i.e., Romania) This paper evaluates the input-output (IO) tables for the North Korean economy in existing studies. Comparing the coefficients for North Korea in existing studies with those of the countries selected for this paper, substantial differences were found, especially for the services sector. This casts some doubt on the IO tables in the existing studies on the North Korean economy.

This study aims to empirically investigate the potential impact of the Trans-Pacific Partnership (TPP) on US textile and apparel manufacturing.

This study adopts the Global Trade Analysis Project (GTAP) computable general equilibrium model based on the latest GTAP9 database.

The findings of the study suggest that: the “yarn-forward” rule will not work effectively in the context of TPP; and the development of Vietnam’s local textile industry is a critical threat to the survival of US textile and apparel (T&A) manufacturing in the long run.

The findings of the study augment the understanding of the T&A-specific sectoral impact of TPP and address the particular concerns of the US T&A manufacturers with regard to the new business environment and the possible scenarios after the implementation of the agreement.

The purpose of this paper is to estimate the economic impact of reducing logistics cost on the demand for port throughput in the context of Association of Southeast Asian Nations’ (ASEAN) regional economic integration and to realize the potential economic gains of the maritime logistics reform in the region.

The main part of this paper is to formulate conversion coefficients for containerized cargo to estimate the impacts of logistics reform on the demand for port throughput. These conversion coefficients, then have been used into a dynamic computational general equilibrium model using Global Trade Analysis Project database to explore the impact of logistics cost.

The study demonstrates that logistics efficiency is a challenge for ASEAN economic integration, providing significant implications for maritime logistics reforms.

This study assumes uniform improvements of 5 and 10 percent in the logistics sector for all countries due to lack of detailed data on the logistics sectors in ASEAN countries.

The findings of this study could help ASEAN policymakers for deeper understanding of efficient maritime logistics in realizing the economic gains from its regional economic integration initiatives.

Although there are many descriptive studies on the importance of logistics efficiency in improving international competitiveness in a country or a region, these are not supported by quantitative assessment in the case of ASEAN. This study addresses the dearth of empirical evidence based on real data on trade and maritime cargo flows. This study contributes to highlighting that ASEAN countries should reform their logistics policies and practices.

The purpose of this study is to analyze long‐term (up to 2100) impacts of carbon tax based on the imputed price of carbon (ICT) from environmental and economic perspectives.

ICT is an international tax with tax rates that differ among countries according to their economic levels. It is evaluated by comparing it with an internationally common carbon tax (CCT), applying the AIM/CGE [Global] model, a dynamic computable general equilibrium model. The ICT rates are determined from a certain formula and the CCT rates are set to achieve global GDP changes equal to the case of ICT.

According to the results, the world CO₂ abatement amount is almost the same between the two taxes. However, the economic impact on each country is different. Although the negative influence is smaller in the case of CCT in developed countries, it is smaller in the case of ICT in developing countries. Moreover, ICT narrows economic disparities among developed and developing countries further. In the light of significance of the worldwide introduction of CO₂ abatement policies and avoidance of excessive economic burdens on developing countries, it is concluded that ICT is a more feasible carbon tax policy than CCT.

Although the impacts of ICT have been analyzed from static and mid‐term perspectives, understanding the long‐term dynamic impacts is still essential, considering the features of the tax and possible socioeconomic and technological changes, especially in developing countries. This study proposes a new policy method that will contribute to efforts to combat climate change in the long run.

A carbon tax has been widely discussed and implemented in developed countries to mitigate carbon emissions, but this measure is still quite new in developing countries. Recently, the ambition of Vietnam's government in mitigating emissions has been mentioned in international commitments. To achieve these targets, the government is making efforts to seek and implement mitigation measures in the country. While carbon pricing was introduced in Vietnam, there is no study simulating the effects of a carbon tax in the country. This study simulates the environmental and economic effects of a carbon tax and then proposes appropriate policies in Vietnam.

This study investigates the impact on the Vietnamese economy within the static computable general equilibrium (CGE) framework. Compared with previous models, the proposed model in this paper is a fairly standard CGE approach that tries to picture the economic system of Vietnam. In addition, a carbon tax on output will be modeled in this framework. This carbon tax mechanism is more flexible and direct when a carbon tax is based on direct emissions by industry level and the industry's carbon intensity. The paper decomposes the Vietnamese economy into 18 different production sectors, based on the different emission levels of CO₂. The CGE model makes possible to examine the impact of a carbon tax on the whole economy through all possible channels and to differentiate a separate carbon tax among different production sectors. The impact of a differentiated carbon tax is explored not only at the macroeconomic level but also at each different industrial level. Another feature of this paper is to investigate the impact of reallocation revenue from the carbon tax.

This paper has found that by designing carbon tax scenarios at different carbon prices ($1/tCO2, $5/tCO2, $10/tCO2) with different targeted industries, this study shows that higher carbon prices cause greater damage to GDP and welfare, but also better reductions in emissions. In addition, a carbon tax on the energy sectors results in milder economic and welfare damage but less emission reduction than when levying on all sectors. At the sectoral level, a carbon tax might cause sectoral restruction. Interestingly, the electricity sector is the most affected and also is the main contributor to reducing emissions in Vietnam. Finally, the study also shows that reallocation policies of new revenue from the carbon tax would reduce the economic damage caused by carbon taxes, and in many cases promote GDP and welfare. However, these policies reduce the environmentally positive impact of the carbon tax and even induce an increase in emissions in some cases.

This paper studies the pure impacts of a carbon tax, it also simulates the impact of several recycling policies where the increased tax revenue is incorporated. Thereby, this research supports to design and implement carbon tax policies in Vietnam. This paper also would contribute to the literature an example of the adoption of the carbon tax in a developing country, and it could be a lesson for others with similar conditions. Compared with previous models, the proposed model in this paper is a fairly standard CGE approach that tries to picture the economic system of Vietnam. In addition, a more flexible carbon tax mechanism is proposed to improve adequate coverage of emission resources.