IDEAS home Printed from https://ideas.repec.org/p/ces/ifowps/_228.html
   My bibliography  Save this paper

TTIP – Potential Effects on Norway

Author

Listed:
  • Gabriel Felbermayr

    ()

  • Rahel Aichele

    ()

  • Inga Heiland
  • Arne Melchior
  • Marina Steininger

    ()

Abstract

The currently negotiated Transatlantic Trade and Investment Partnership between the EU and the United States of America will most likely affect countries, such as Norway which have close ties to the European production networks. Based on a CGE model, developed at the ifo institute, we structurally estimate the potential effects of TTIP for Norway’s economy on sectoral level. The model captures the reality of global value chains and provides a multi-country multi-sector approach with rich intra- and international input-output linkages. The analysis shows that trade diversion and trade creation effects offset each other in Norway. A comprehensive agreement between the EU and the US would lead to an increase in Norwegian GDP per capita by 0.05%. However, the gain is entirely driven by positive value added changes in the energy sector. Without these gains, the aggregate effects would turn into a loss of -0.11% of current GDP.

Suggested Citation

  • Gabriel Felbermayr & Rahel Aichele & Inga Heiland & Arne Melchior & Marina Steininger, 2016. "TTIP – Potential Effects on Norway," ifo Working Paper Series 228, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
  • Handle: RePEc:ces:ifowps:_228
    as

    Download full text from publisher

    File URL: http://www.cesifo-group.de/DocDL/wp-2016-228-felbermayr-etal-ttip-effects-norway.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Gabriel Felbermayr & Benedikt Heid & Mario Larch & Erdal Yalcin, 2015. "Macroeconomic potentials of transatlantic free trade: a high resolution perspective for Europe and the world," Economic Policy, CEPR;CES;MSH, vol. 30(83), pages 491-537.
    2. Lionel Fontagné & Amélie Guillin & Cristina Mitaritonna, 2011. "Estimations of Tariff Equivalents for the Services Sectors," Working Papers 2011-24, CEPII research center.
    3. Lorenzo Caliendo & Fernando Parro, 2015. "Estimates of the Trade and Welfare Effects of NAFTA," Review of Economic Studies, Oxford University Press, vol. 82(1), pages 1-44.
    4. Dai, Mian & Yotov, Yoto V. & Zylkin, Thomas, 2014. "On the trade-diversion effects of free trade agreements," Economics Letters, Elsevier, vol. 122(2), pages 321-325.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifowps:_228. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Klaus Wohlrabe). General contact details of provider: http://edirc.repec.org/data/ifooode.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.