Greater than the sum of its parts? How does Austria profit from a widening EU network of Free Trade Agreements (project)

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Greater than the sum of its parts? How does Austria profit from a widening EU network of Free Trade Agreements

Client/Funding Institution

Austrian Ministry for Digital and Economic Affairs

Abstract

The aim of this project was to assess the effects EU Free Trade Agreements had on Austria so far and how these inter-act with each other. The project was structured along three chapters. The first task was to compute, display, and describe the evolution of the FTA network of the European Union over time, and Austria’s position within this network. The second task used the derived network measures of FTAs (centrality measures and indirect channels of FTAs) in a structural gravity framework using a global dataset of bilateral trade. The final task evaluated the direct and indirect effects of FTAs on GDP and employment in Austria in a general equilibrium setting. The gained insights are discussed in a policy note.