A paper using the MyGTAP model to examine the link between income inequality and trade liberalization in Pakistan has just been published in the Journal of Asian Economics
Category Archives: Archive
US Trade Actions against China: A Supply Chain Perspective
A paper by Walmsley and Minor on “US Trade Actions against China: A Supply Chain Perspective” was recently published in the Foreign Trade Review
COVID-19
Initial research on the world-wide mandatory closures due to COVID-19 shows significant economic loses in U.S. unemployment.
Walmsley, Terrie and Rose, Adam and Wei, Dan, 2021. “The Impacts of the Coronavirus on the Economy of the United States”, Economics of Disasters and Climate Change 5, 1-52 (available at: https://link.springer.com/article/10.1007/s41885-020-00080-1?utm_source=toc&utm_medium=email&utm_campaign=toc_41885_5_1&utm_content=etoc_springer_20210410)
Walmsley, Terrie and Rose, Adam and Wei, Dan, 2020. “Impacts on the U.S. Macroeconomy of Mandatory Business Closures in Response to the COVID-19 Pandemic”, Applied Economics Letters (https://www.tandfonline.com/doi/full/10.1080/13504851.2020.1809626)
New version of the ImpactECON Supply Chain Data Base
A new version of the ImpactECON Supply Chain Database has now been released to the public, along with updates to the MyGTAP and the labor data.
For more information please visit the ImpactECON product page.
2020 ASSA Meeting presentation
Dr Walmsley presented a paper on the impact of trade liberalization on income inequality in Pakistan at the 2020 ASSA Meetings in San Diego.
Demand Shifts and Willingness to Pay in Applied Trade Models
The paper “Demand Shifts and Willingness to Pay in Applied Trade Models” has now been published by World Economy.
Impact of US Sections 232 and 301 Trade Actions
ImpactECON releases report on the impact of US trade actions under Sections 232 and 301.
The full report is available as Working Paper 8.
Impact of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on New Zealand Economy
The 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed the new agreement in Chile on March 8
Impacts of Reversing NAFTA
ImpactECON report on the impacts of reversing NAFTA was cited in the Wall Street Journal
As concerns rise about the demise of the new NAFTA negotiations, the Wall Street Journal, CNBC, CNN and the New York Times have cited ImpactECON’s working paper “Reversing NAFTA: A Supply Chain Perspective“. Here we try to answer a few recently asked questions.
Questions and Answers on the Impact of Reversing NAFTA
What is the impact of reversing NAFTA on the US economy?
Real GDP is estimated to decline by 0.09 percent in the next 2-3 years. Investment is estimated to decline by 1 percent, which means that growth will fall further in the long run.
What is the estimated impact of reversing NAFTA on US employment?
US employment is estimated to decline by 256,000, with many more workers having to relocate to other industries to find jobs. This figure assumes that skilled workers are willing to accept a decline in their wages, if not then US employment could decline by over 1,000,000.
Reversing NAFTA
ImpactECON announces a new working paper that examines the impact of reversing NAFTA on supply chains and employment
In July, the USTR announced that the first round of new negotiations on NAFTA will take place between the US, Canada and Mexico on August 16-20, 2017. USTR also released their negotiation objectives.