📈 economics
Who Gains from a US–EU Free Trade Agreement? Relative Wages, Employment, and Welfare in General Equilibrium
Using a multi-country general equilibrium framework, this paper finds that a US–EU Free Trade Agreement would generate substantial welfare and wage gains for EU member states, particularly smaller economies, while offering only modest benefits to the US and causing welfare losses for non-member countries due to trade diversion.
Original paper licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). This is an AI-generated explanation of the paper below. It is not written or endorsed by the authors. For technical accuracy, refer to the original paper. Read full disclaimer
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