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Going Deep
Report

Going Deep

The Trade and Welfare Effects of TTIP

Rahel Aichele, Gabriel Felbermayr and Inga Heiland
CESifo Group Munich, 2014
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Editorial Rating

7

Qualities

  • Analytical
  • Innovative
  • Background

Recommendation

While trade deals may seem the driest of subjects, the Transatlantic Trade and Investment Partnership (TTIP) has evoked some emotional responses on both sides of the Atlantic, as debates over the geographical identification of Parmesan cheese or the suitability of chlorine-soaked chicken attest. But this study from researchers Rahel Aichele, Gabriel Felbermayr and Inga Heiland of the Ifo Institute at the University of Munich assesses the EU-US trade talks in economic terms and proffers some theories about which countries might gain and which might lose. getAbstract recommends this scholarly report to those seeking more light than heat about the TTIP.

Take-Aways

  • In 2013, the European Union and the United States started negotiations on the Transatlantic Trade and Investment Partnership (TTIP) in response to languishing multilateral efforts at the World Trade Organization.
  • Researchers expect the TTIP will remove all trade tariffs and substantially lessen nontariff measures, resulting in a solid “transatlantic production network.”
  • Projections suggest that in the long term under the TTIP, real per capita income will rise by 2.68% in the United States and by 2.12% across the European Union. Overall, per capita incomes around the globe will be 1.32% higher.

About the Authors

Rahel Aichele and Gabriel Felbermayr are economists at the Ifo Institute at the University of Munich, where Inga Heiland is a junior economist and doctoral student.

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