Details
Original language | English |
---|---|
Pages (from-to) | 219-256 |
Number of pages | 38 |
Journal | Asian Development Review |
Volume | 41 |
Issue number | 2 |
Early online date | 20 May 2024 |
Publication status | Published - 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
- Social Sciences(all)
- Geography, Planning and Development
- Social Sciences(all)
- Development
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
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In: Asian Development Review, Vol. 41, No. 2, 01.09.2024, p. 219-256.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Gravity-Based Tools to Assess the Impact of Tariff Changes
T2 - An Application to Armenia
AU - Gnutzmann-Mkrtchyan, Arevik
AU - Hugot, Jules
N1 - Publisher Copyright: © 2024 Asian Development Bank and Asian Development Bank Institute.
PY - 2024/9/1
Y1 - 2024/9/1
N2 - 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.
AB - 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.
KW - Armenia
KW - Eurasian Economic Union
KW - free trade agreements
KW - generalised scheme of preferences
KW - gravity
UR - http://www.scopus.com/inward/record.url?scp=85193795678&partnerID=8YFLogxK
U2 - 10.1142/S0116110524500057
DO - 10.1142/S0116110524500057
M3 - Article
AN - SCOPUS:85193795678
VL - 41
SP - 219
EP - 256
JO - Asian Development Review
JF - Asian Development Review
SN - 0116-1105
IS - 2
ER -