Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259487 
Year of Publication: 
2022
Series/Report no.: 
ADB Economics Working Paper Series No. 649
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
This paper presents two empirical tools to quantify the impacts of tariff changes on bilateral trade and welfare. Both tools are rooted in the structural gravity literature. The first tool estimates the impact of tariff changes on bilateral trade for 5,020 products in a partial equilibrium framework. The second tool quantifies the impact on bilateral aggregate trade in a general equilibrium setup, allowing estimates of trade reallocation and welfare changes. These tools are used to estimate the impact of tariff changes affecting Armenia, including (i) the alignment with the external tariff of the Eurasian Economic Union, (ii) free trade agreements between the Eurasian Economic Union, and other economies-Iran and the People's Republic of China, and (iii) the loss of beneficiary status for the Generalised Scheme of Preferences of the European Union.
Subjects: 
gravity
Eurasian Economic Union
free trade agreements
generalised scheme of preferences
Armenia
JEL: 
F13
F14
F15
F17
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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