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Gesamtwirtschaftliche Effekte neuer handelspolitischer Instrumente (Trade and Welfare Effects of New Trade Policy Instruments)
Completed research studies
Study by: Austrian Institute of Economic Research
Commissioned by: Federal Ministry of Labour and Economy
Closed: 2023
Geoökonomische Konzepte gewinnen auch in der Handelspolitik der EU an Bedeutung. Eine Reihe neuer handelspolitischer Instrumente soll den Schutz des Binnenmarkts vor unlauteren Handelspraktiken sowie die Durchsetzung der eigenen Interessen und Werte (Nachhaltigkeit, Menschenrechte, soziale Standards usw.) erleichtern. Die Studie gibt einen ausführlichen Überblick über acht handelspolitische Instrumente: Anti-Coercion Instrument (ACI), International Procurement Instrument (IPI), Carbon Border Adjustment Mechanism (CBAM), Foreign Subsidy Instrument (FSI), Corporate Sustainability Due Diligence (DD), Level Playing Field Provisions in the EU-UK Trade and Cooperation Agreement (LPF), Enforcement Regulation (ER) und die Deforestation Initiative (DI). Mit Hilfe von Gravitationsmodellen und einem quantitativen Handelsmodell werden die Auswirkungen der ausgewählten Instrumente auf den Handel und die Wohlfahrt der EU und Österreichs auf der Grundlage verschiedener Szenarien geschätzt.
Research group:Industrial, Innovation and International Economics
Language:German

Trade and Welfare Effects of New Trade Policy Instruments
Geoeconomic concepts are gaining importance in EU trade policy. In this context new trade policy instruments are designed to protect the internal market against unfair trade practices, coercive actions as well as to ensure sustainable supply chains and the protection of human rights. The study extensively overviews eight policy instruments: Anti-Coercion Instrument (ACI), International Procurement Instrument (IPI), Carbon Border Adjustment Mechanism (CBAM), Foreign Subsidy Instrument (FSI), Corporate Sustainability Due Diligence (DD), Level Playing Field Provisions in the EU-UK Trade and Cooperation Agreement (LPF), Enforcement Regulation (ER), and the Deforestation Initiative (DI). Using gravity models and a quantitative general equilibrium trade model, the impact of the selected trade policy instruments on trade and welfare of the EU as well as Austria is estimated based on different scenarios.