Microeconomic and Macroeconomic Effects of TTIP (Transatlantic Trade and Investment Partnership)

Research Paper (postgraduate) from the year 2015 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: Excellent, University of Rijeka (Faculty of Economics), course: Postgradute Study for Specialized Master of Controlling, language: English, abstract: The first part is referred to the essential components of TTIP. These include the negotiating institutions, the central regulations and the objectives associated with it.Chapter three forms the core of this essay. In the first part microeconomic effects on selected sectors in the EU and USA are carried out. The used econometric model MIRAGE will be explained and the calculated results are demonstrated. In the second part of chapter three macroeconomic effects are considered, which have been calculated on the basis of the MELITZ model. The central sources of this chapter are the following studies: “Dimensions and Effects of a Transatlantic Free Trade Agreement between the EU and US. from IFO-institute in Munich. To address also effects to third countries, as an example two studies related to turkey and china are used. Chapter 5 gives a summary and check whether the hypothesis of this essay has been proofed.