Who Are the Winners and Losers in the Trans-Pacific Partnership (TPP)
REVISTA ACADÉMICA ECO (2017) 17: 15-40
26 Pages Posted: 21 Nov 2017
Date Written: November 19, 2017
This study proposes to apply the trade liberalization evaluation methodology (TLE-Methodology) by Ruiz Estrada (2004) to the Trans-Pacific Partnership (TPP) twelve members. The TLE-Methodology offer new indexes. There are four basic phases in the implementation of TLE-Methodology. The first phase is the design of a multi-input tariff database table by production sector (agriculture, heavy industry1, light industry2 and services) for each TPP member. The second is the measurement of the trade liberalization index by production sector (αi). It is divided by the agriculture trade liberalization index (α1), heavy industry trade liberalization index (α2), light industry trade liberalization index (α3), and services trade liberalization index (α4). The third phase is the measurement of the trade liberalization coverage (TLC) Index. The last phase is the measurement of the trade liberalization stage (TLS) index for each TPP member. The general objective to apply the TLE-Methodology is to evaluate how each member of TPP its trade liberalization coverage and stage. The TLE-Methodology is not intended to be a forecasting model in any case. TLE-Methodology, in effect, is a simple and flexible scheme, which can be applied to any case of trade liberalization in our case is the TPP twelve members.
Keywords: Trade Liberalization, International Trade, TLE-Methodology, TPP, Custom Union
JEL Classification: F15
Suggested Citation: Suggested Citation