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India-Korea CEPA : Potentials and realities

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  • India-Korea CEPA
  • Shahid, Ahmed
  • Central University


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Title India-Korea CEPA
Similar Titles
Sub Title

Potentials and realities

Material Type Reports
Author(English)

Shahid, Ahmed

Publisher

New Delhi:Central University

Date 2010-10
Series Title; No MPRA Paper / 26206
Subject Country India(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding Central University

Abstract

The present study investigates the potential economic impacts of India- Korea CEPA using trade indices, partial equilibrium and computable general equilibrium. One hypothetical scenario is examined in SMART model and two hypothetical tariff liberalization scenarios are examined in GTAP model focusing on short run and long run. Using the partial equilibrium WITS-SMART model, we tried to assess the impact of liberalization under the CEPA, assuming full liberalization of imports from the India into Korea and vice versa. We more specifically looked at consumer surplus, trade creation and diversion results as well as the impact on tariff revenues. Using GTAP model, it is a good instrument for identifying the winning and losing countries and sectors under policy changes. (The rest omitted)