Economic implications of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Pakistan: a CGE approach

Khan, Muhammad Aamir; Zada, Naseeb; Mukhopadhyay, Kakali

doi:10.1186/s40008-017-0103-x

Cited by 27 publications

(13 citation statements)

References 18 publications

(9 reference statements)

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“…One of the significant advantages of the Global CGE model is its ability to relate cross-linkages within the economy [44]. The MyGTAP model has also been used to examine policies in Pakistan [46,47], Nepal [48], Oman [49] and Nigeria [50] Based on neoclassical theory, the model assumes perfect competition in the market. Therefore, market adopts constant returns to scale, where producers' decisions are based on profit maximization and cost minimization, while consumers strive to achieve utility maximization [51].…”

Section: Economic Analysismentioning

confidence: 99%

Economic Effects of Climate Change-Induced Loss of Agricultural Production by 2050: A Case Study of Pakistan

et al. 2020

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This research combined global climate, crop and economic models to examine the economic impact of climate change-induced loss of agricultural productivity in Pakistan. Previous studies conducted systematic model inter-comparisons, but results varied widely due to differences in model approaches, research scenarios and input data. This paper extends that analysis in the case of Pakistan by taking yield decline output of the Decision Support System for Agrotechnology Transfer (DSSAT) for CERES-Wheat, CERES-Rice and Agricultural Production Systems Simulator (APSIM) crop models as an input in the global economic model to evaluate the economic effects of climate change-induced loss of crop production by 2050. Results showed that climate change-induced loss of wheat and rice crop production by 2050 is 19.5 billion dollars on Pakistan’s Real Gross Domestic Product coupled with an increase in commodity prices followed by a notable decrease in domestic private consumption. However, the decline in the crops’ production not only affects the economic agents involved in the agriculture sector of the country, but it also has a multiplier effect on industrial and business sectors. A huge rise in commodity prices will create a great challenge for the livelihood of the whole country, especially for urban households. It is recommended that the government should have a sound agricultural policy that can play a role in influencing its ability to adapt successfully to climate change as adaption is necessary for high production and net returns of the farm output.

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Section: Economic Analysismentioning

confidence: 99%

Economic Effects of Climate Change-Induced Loss of Agricultural Production by 2050: A Case Study of Pakistan

et al. 2020

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“…As the subjects of this kind of research (and, accordingly, the factors of influence) were identified: foreign direct investment (Rafat, 2018); the level of development of stock market institutions (Fufa & Kim, 2018); membership of countries in international economic integration associations (in particular, the TRANS-Pacific partner-ship (Khan et al, 2018) and the Association of Southeast Asian Nations (Karimi & Daiari, 2018)); the level of openness of national economies (Lee & Kim, 2018); the level of efficiency of natural resource potential and energy efficiency (Baloch et al, 2018); innovation, development of science and education (Batabyal & Yoo, 2018); demographic and urban processes (Ibrahiem, 2018;Cruz & Ahmed, 2018;Frick & Rodriguez-Pose, 2018); state fiscal policy (Esteve & Tamarit, 2018); the dynamics of the national currency and foreign remittances of individuals (Pontarollo & Mendieta Munoz, 2018); form of administrative-territorial structure and methods of regional management (Pink-Harper, 2018). We also note the significant interest of researchers in the processes of economic growth in developing countries, such as Liberia, Egypt, Pakistan, Vietnam, Ecuador and other Latin American countries (Khan et al, 2018;Roquez-Diaz & Escot, 2018;Baloch et al, 2018;Bunte et al, 2018;Ibrahiem, 2018;Maune, 2018;Nguyen & Pham, 2018;Pontarollo & Mendieta Munoz, 2018). Worth to be noted works that a devoted topost-socialist country of Eastern Europe, such as Slovakia, Slovenia, Poland, Lithuania, Czech Republic (Mahmood & Ahmad, 2018;Raisová, 2018).…”

Section: Methodsmentioning

confidence: 99%

Economic Security Provision Models of National Industrial Development (Case Study of Russia, Post-Soviet Countries and English-Speaking Countries of G-20)

Rodionov

Andreeva

Baidova

2020

Journal of Siberian Federal University. Humanities &Amp; Social Sciences

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The main scientific aim of this work lies in improvement of the existing scientific positions in the sphere of industrial development economic security provision on the national level. The existence of two economic security provision models of industrial development that are applied in the countries of Community of independent states and in English-speaking countries of G-20 was grounded. The key features and characteristics of these models functioning. Design/methodology/approach were revealed: The work is based on the complex use of a number of methods of scientific research, including methods of analysis and abstraction, historical and logical approaches, methods of deduction and induction; graphic and statistical methods, as well as the system method. Scientific works of leading Russian economists in the field of the research, as well as the data of official statistics of Russia, Ukraine, Belarus, Kazakhstan, the USA, Canada, Australia, the UK, Saudi Arabia were used as an information base of the study. Findings: the study was based on the hypothesis of the similarity of the economic security provision models of industrial development of Russia and other countries of Community of independent states, as well as on the significant difference between this model and the analogues of developed foreign countries. Research limitations/implications: this research is limited by the papers indexed in the Scopus database and presenting a systematic literature review. Originality/value: it was proved that economic growth in foreign countries is largely determined by long-term investment, the main directions of which are research and development, education, healthcare, infrastructure development and etc. Deserves attention and that the raw share in the gross production fund of the developed countries is comparable with the corresponding figures in Russia. A comparative study of monetary policy of Community of independent states countries and G-20 countries was carried out. Impact of monetary policy of the researched group of countries on the investment process and industrial growth and development in the long term was determined

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“…CPTPP is an expansion of the existing free trade agreement between Brunei, Chile, New Zealand, and Singapore. Currently, CPTPP is negotiated between 11 economies, including the existing four economies plus Australia, Canada, Japan, Malaysia, Mexico, Peru, and Vietnam (Khan et al, 2018).…”

Section: Comprehensive and Progressive Trans-pacific Partnership Free Trade Agreementmentioning

confidence: 99%

The Impact of Comprehensive and Progressive Trans-Pacific Partnership Free Trade Agreement on Indonesian Economy

2020

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Islamic law is inclined toward free trade and condemned imposing tariffs on trade with other states. Even when tariffs were imposed, they were imposed based on reciprocity. The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) is a free trade agreement to realize tariff elimination. CPTPP was signed by 11 countries in Santiago, Chile, on March 8, 2018, and this renewed agreement attracted Indonesia to join. This study analyzes the possible impact of CPTPP implementation on the Indonesian economy using the Global Trade Analysis Project (GTAP) model. We conduct a simulation to evaluate the impact of CPTPP on the Indonesian economy. The results show that the implementation of CPTPP leads to an increase in the real GDP and welfare of Indonesia. Also, the study found that CPTPP is beneficial to members. These results generally justify the elimination of tariffs promoted by Islamic law.

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Economic implications of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Pakistan: a CGE approach

Cited by 27 publications

References 18 publications

Economic Effects of Climate Change-Induced Loss of Agricultural Production by 2050: A Case Study of Pakistan

Economic Effects of Climate Change-Induced Loss of Agricultural Production by 2050: A Case Study of Pakistan

Economic Security Provision Models of National Industrial Development (Case Study of Russia, Post-Soviet Countries and English-Speaking Countries of G-20)

The Impact of Comprehensive and Progressive Trans-Pacific Partnership Free Trade Agreement on Indonesian Economy

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