Gravity-Based Tools to Assess the Impact of Tariff Changes: An Application to Armenia

Research output: Contribution to journalArticleResearchpeer review

Authors

  • Arevik Gnutzmann-Mkrtchyan
  • Jules Hugot

Research Organisations

External Research Organisations

  • Asian Development Bank Philippines
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Details

Original languageEnglish
Pages (from-to)219-256
Number of pages38
JournalAsian Development Review
Volume41
Issue number2
Early online date20 May 2024
Publication statusPublished - 1 Sept 2024

Abstract

This paper uses two empirical tools to quantify the impact of tariff changes on bilateral trade and welfare. Both tools are rooted in structural gravity literature. The first tool estimates the impact of tariff changes on bilateral trade for 5,020 products in a partial equilibrium framework. The second tool quantifies the impact on bilateral aggregate trade in a general equilibrium setup, allowing estimates of trade diversion and welfare changes. These tools are used to estimate the impact of tariff changes on Armenia with regard to (i) its alignment with the external tariff of the Eurasian Economic Union; (ii) free trade agreements between the Eurasian Economic Union and other economies, including Iran and the People's Republic of China; and (iii) Armenia's loss of beneficiary status under the Generalised Scheme of Preferences of the European Union.

Keywords

    Armenia, Eurasian Economic Union, free trade agreements, generalised scheme of preferences, gravity

ASJC Scopus subject areas

Cite this

Gravity-Based Tools to Assess the Impact of Tariff Changes: An Application to Armenia. / Gnutzmann-Mkrtchyan, Arevik; Hugot, Jules.
In: Asian Development Review, Vol. 41, No. 2, 01.09.2024, p. 219-256.

Research output: Contribution to journalArticleResearchpeer review

Gnutzmann-Mkrtchyan, A & Hugot, J 2024, 'Gravity-Based Tools to Assess the Impact of Tariff Changes: An Application to Armenia', Asian Development Review, vol. 41, no. 2, pp. 219-256. https://doi.org/10.1142/S0116110524500057
Gnutzmann-Mkrtchyan, A., & Hugot, J. (2024). Gravity-Based Tools to Assess the Impact of Tariff Changes: An Application to Armenia. Asian Development Review, 41(2), 219-256. https://doi.org/10.1142/S0116110524500057
Gnutzmann-Mkrtchyan A, Hugot J. Gravity-Based Tools to Assess the Impact of Tariff Changes: An Application to Armenia. Asian Development Review. 2024 Sept 1;41(2):219-256. Epub 2024 May 20. doi: 10.1142/S0116110524500057
Gnutzmann-Mkrtchyan, Arevik ; Hugot, Jules. / Gravity-Based Tools to Assess the Impact of Tariff Changes : An Application to Armenia. In: Asian Development Review. 2024 ; Vol. 41, No. 2. pp. 219-256.
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