Modelling the effects of trade policy and the transmission mechanisms of the economic crisis on the Austrian economy (project)

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Modelling the effects of trade policy and the transmission mechanisms of the economic crisis on the Austrian economy

Client/Funding Institution

Austrian Ministry of Economy, Family and Youth

Abstract

The goal of this study was to take advantage of the demonstrated expertise in multi-sector multi-region modelling by the project team, while re-focusing modelling tools to highlight issues important to Austria in the context of broad changes in trade policy. wiiw proposed a model-based analysis of two sets of major regional EU trade initiatives – possible Asian and trans-Atlantic trade agreements – on the Austrian economy. wiiw also examined a third possible policy outcome – successful completion of the Doha Round. The EU and Canada have afterwards announced negotiations for a free trade agreement, and so this analysis proofed highly policy relevant.