What do GTAP evaluations reveal about regionalism in South Asia?
Abstract:
This chapter discusses the findings of important studies on South Asia which have used computable general equilibrium models, such as the well-known Global Trade Analysis Project (GTAP) model. The welfare and trade impacts of various recent studies are reviewed; the conclusions of these studies are also presented.
Key words
computable general equilibrium
GTAP model
regional trade agreement
South Asia
Introduction
The recent proliferation of RTAs has generated many empirical studies, which can be categorized in two ways. First, they can be grouped under two broad categories based on the time perspective they adopt: ex ante or ex post (DeRosa, 1998). While the
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