@article{Hsu:330935,
      recid = {330935},
      author = {Hsu, Shih-Hsun and Lin, Kuo-Jung and Li, Ping-Cheng and  Huang, Chung-Huang},
      title = {The Impact of WTO Accession on Taiwan's GHG Emission: A  Dynamic CGE Analysis},
      address = {2001},
      pages = {18},
      year = {2001},
      note = {Presented at the 4th Annual Conference on Global Economic  Analysis, Purdue University, USA},
      abstract = {This paper investigates the potential impact of China's  and Taiwan's accession to the WTO on Taiwan's international  trade, industrial structure, energy demand and greenhouse  gas (GHG) emission during 2001-2005. Two large applied  general equilibrium models, GTAP and TAIGEM, are used in  this paper to simulate China's and Taiwan's WTO accession.  TAIGEM (TAIwan General Equilibrium Model), a dynamic,  multisectoral, applied general equilibrium model of the  Taiwan’s economy is developed specifically to analyze  climate change response issues. In this paper we use GTAP  to provide the global context for the WTO accession, and  TAIGEM to assess the detailed impacts on Taiwan. It shows  that the comparative advantages of China and Taiwan are in  different economic sectors. In average, Taiwan's economic  growth will increase yearly at 0.4% above the baseline  projection for the period 2001-2005. Service sector is  expected to grow. Its share of real GDP will increase from  62.97% to 64.46%. In contrast, agriculture and industry  sectors are the losers. In particular, sectors related to  fossil fuel, cement, and iron and steel will contract due  to less international competitiveness. With reduction of  coal consumption and increasing share of gas and oil  consumption, CO2 emission level is expected to be at the  level of 296.6 million tons that is higher by 1.6 million  tons than the baseline projection level at 295.0 million  tons.},
      url = {http://ageconsearch.umn.edu/record/330935},
}