@article{Wei:333011,
      recid = {333011},
      author = {Wei, Dan and Chen, Zhenhua and Rose, Adam},
      title = {Estimating Economic Impacts of the U.S.-South Korea Free  Trade Agreement},
      address = {2018},
      year = {2018},
      note = {Presented at the 21st Annual Conference on Global Economic  Analysis, Cartagena, Colombia},
      abstract = {We analyze the economic impacts of the United States-South  Korea Free Trade Agreement by applying the Global Trade  Analysis Project (GTAP) computable general equilibrium  model to highly disaggregated commodity flow data.  The  analysis calculates the impacts in terms of welfare  effects, national economic indicators (such as GDP), and  business performance metrics (such as profits or sales  revenue), which can be used by a variety of  decision-makers.  Our results suggest several trade-offs  among these measures.  Positive welfare gains between the  US and South Korea are about the same in absolute terms,  but favor the latter in relative terms, and very heavily so  for GDP gains.  Moreover, the US is projected to incur a  loss of gross output (sales revenue) in several major  manufacturing sectors that are heavily concentrated in  geographic areas that have been promised a return of jobs  by the new Administration.   Keywords:  Free Trade  Agreement; United States; South Korea; Tariff Barriers;  Computable General Equilibrium Modeling; GTAP},
      url = {http://ageconsearch.umn.edu/record/333011},
}