@article{Lee:332825,
      recid = {332825},
      author = {Lee, Hiro and Itakura, Ken},
      title = {Potential Costs of U.S. Withdrawal from the Trans-Pacific  Partnership},
      address = {2017},
      year = {2017},
      note = {Presented at the 20th Annual Conference on Global Economic  Analysis, West Lafayette, IN, USA},
      abstract = {The U.S. withdrawal from the Trans-Pacific Partnership  (TPP) has affected the prospects of mega-regional trade  agreements (MRTAs) in the transpacific and transatlantic.  In the Asian Pacific, negotiations for the Regional  Comprehensive Economic Partnership (RCEP) might accelerate.  It is also plausible that 11 other TPP signatories decide  to implement TPP sans US. The objective of this paper is to  estimate economic welfare effects of alternative  sequencings of MRTAs for the Asia-Pacific countries using a  dynamic computable general equilibrium (CGE) model. Our  results suggest that the United States loses an opportunity  to gain 0.7% in its economic welfare by 2034 when the TPP  is never implemented, and that its welfare gain will be  reduced by 0.3 percentage point when its participation in  the TPP is delayed by five years.},
      url = {http://ageconsearch.umn.edu/record/332825},
}