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首页> 外文期刊>Margin: The Journal of Applied Economic Research >An Analysis of Tariff Reductions in the Trans-Pacific Partnership (TPP): Implications for the Indian Economy
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An Analysis of Tariff Reductions in the Trans-Pacific Partnership (TPP): Implications for the Indian Economy

机译：跨太平洋伙伴关系（TPP）中关税削减的分析：对印度经济的启示

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Our purpose is to undertake a comparative analysis of the likely impact of tariff reduction under the Trans-Pacific Partnership (TPP) on various macro and trade variables of the Indian economy under different scenarios. The TPP was concluded in October 2015, but it is yet to be ratified by the partner countries, and while Asian giants like India, China and Korea have not joined the TPP, there are some talks about their joining the partnership in future. Ours is a unique study that evaluates India's perspective on joining the TPP, in terms of tariff reduction, and not in terms of the removal of non-tariff barriers. We employ the widely used standard Global Trade Analysis Project (GTAP) model for this exercise. This is a unique framework with a global economy-wide approach, in a Computable General Equilibrium (CGE) setting. Five different scenarios of complete integration in terms of tariff reduction between different regions are simulated using the GTAP model Under each scenario, the tariff among members of a group of regions is eliminated, but is unchanged for other regions. Higher welfare arising from allocative efficiency comes with the cost of a relatively lower consumption of domestic products and investment, resulting in a loss in terms of GDP. Therefore, we conclude that there are mixed prospects and no strong reason for India to pursue being part of the TPP in future, from a perspective of tariff reductions.
机译：我们的目的是对跨太平洋伙伴关系（TPP）下关税削减对印度经济在各种情况下的各种宏观和贸易变量可能产生的影响进行比较分析。 TPP于2015年10月完成，但尚未得到伙伴国家的批准，尽管印度，中国和韩国等亚洲巨头尚未加入TPP，但仍有一些关于他们未来加入伙伴关系的讨论。我们的研究是一项独特的研究，它从关税降低而不是消除非关税壁垒的角度评估了印度加入TPP的观点。我们为此练习采用了广泛使用的标准全球贸易分析项目（GTAP）模型。这是在可计算一般均衡（CGE）环境中采用全球经济方法的独特框架。使用GTAP模型模拟了五个不同区域之间在关税降低方面完全整合的方案。在每种方案下，都消除了一组区域成员之间的关税，但对于其他区域则保持不变。分配效率带来的更高福利伴随着相对较低的国内产品消费和投资成本，导致国内生产总值损失。因此，我们得出结论，从降低关税的角度来看，印度未来有希望成为TPP的一部分，前景不一。

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