International Journal of Social Science & Economic Research
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Title:
IMPACT OF INDIA ASEAN FTA ON WELFARE: A GTAP MODEL APPROACH

Authors:
Dr. Avijit Mandal

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Dr. Avijit Mandal
Assistant Professor, Department of Economics Maulana Azad College, Kolkata 8, Rafi Ahmed Kidwai Road Kolkata - 700013

MLA 8
Mandal, Dr. Avijit. "IMPACT OF INDIA ASEAN FTA ON WELFARE: A GTAP MODEL APPROACH." Int. j. of Social Science and Economic Research, vol. 3, no. 5, May 2018, pp. 2097-2118, ijsser.org/more2018.php?id=144. Accessed 2018.
APA
Mandal, D. (2018, May). IMPACT OF INDIA ASEAN FTA ON WELFARE: A GTAP MODEL APPROACH. Int. j. of Social Science and Economic Research, 3(5), 2097-2118. Retrieved from ijsser.org/more2018.php?id=144
Chicago
Mandal, Dr. Avijit. "IMPACT OF INDIA ASEAN FTA ON WELFARE: A GTAP MODEL APPROACH." Int. j. of Social Science and Economic Research 3, no. 5 (May 2018), 2097-2118. Accessed , 2018. ijsser.org/more2018.php?id=144.

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Abstract:
India signed a Free Trade Agreement with ASEAN on 13 August 2009. The FTA has given rise to considerable interest among researchers over the last few years. In this paper, we analyze the likely impact of this FTA on member countries, especially on the Indian economy, in a general equilibrium framework. We used the Global Trade Analysis Project (GATP) as an analytical tool for calculating the welfare effect during various tariff liberalization stages. The study reveals that the FTA is expected to have a negative welfare impact for India but a positive welfare impact for ASEAN members. India's loss in welfare emerges mainly from the adverse terms of trade effect. ASEAN's welfare gain originates from the allocative efficiency gain and the terms of trade effect. ASEAN's welfare gain originates from the allocative efficiency gain and the terms of trade effect. However, for ASEAN major contribution on aggregate welfare comes from terms of trade effect.

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