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Tariff liberalization in the RCEP trade agreement and impact on India`s automobile industry: An applied general equilibrium analysis

Adequate attention has not been paid by researchers towards general equilibrium effects of trade liberalization particularly involving trade in global value chains (GVC) goods, in spite of its emergence being an established phenomenon among Regional Comprehensive Economic Partnership (RCEP) members including India. This paper contributes in that aspect by undertaking a Computable General Equilibrium (CGE) simulation utilizing the GTAP 9 database updated to 2015, augmenting it to study the automobile sector of trade in GVC goods in the Indian context. In the case of automobile industry, ours is the first attempt to employ this tool in this context and this is one of the methodological/data contributions of this paper. The key here is to analyze the welfare effects for India, in a probable futuristic scenario of a full tariff liberalization (with and without any productivity improvement) as part of the ongoing RCEP negotiations, and the specific impact of this on output, prices and trade in the automobile and auto-parts industry, wherein GVC led trade assumes significance...

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The impact of odd-even transportation policy and other factors on pollution in Delhi: A spatial and RDD analysis

This paper is motivated by persistent environmental problems in Delhi, India which present a serious threat to the well-being of the people in the city. The authors use a statistical approach to quantify the relationship between new transportation policy adopted by the Delhi Government, other controlled factors like meteorological conditions, price of fossil fuel, ban on crackers, burning of agriculture residue, among others on the concentration of various gaseous pollutants and air pollution levels at certain measurement stations in Delhi. Moreover, they try to explain whether the odd-even transportation policy has been able to reduce pollution in Delhi both in short and long run and its impact on pollution levels existing in Delhi. At the end, they suggest some policy measures which should be undertaken to reduce pollution levels in Delhi.

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What’s Wrong with Protectionism?

This short book responds to seven common objections to free trade corresponding to the seven sections of this review. It successfully points out the fallacies underlying those objections by introducing theories of free trade and providing examples and statistics correspondingly. In this review, I will summarize some concepts and conclusions that I find most important and interesting.

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