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ECONOMIC IMPLICATIONS OF BRICS FOR PAKISTAN: A CGE APPROACH |
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| รหัสดีโอไอ | |
| Creator | Nasrullah , Muhammad Aamir Khan, Muhammad Iftikhar ul Husnain |
| Title | ECONOMIC IMPLICATIONS OF BRICS FOR PAKISTAN: A CGE APPROACH |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2563 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 11 |
| Journal No. | 2 |
| Page no. | 11A02K: 1-12 |
| Keyword | Social Accounting Matrix (SAM), Global CGE, Tariff and non-tariff, Computable General Equilibrium (CGE) model, Import Export, Trade analysis, Free trade agreement. |
| URL Website | http://TuEngr.com/Vol11_2.html |
| Website title | ITJEMAST V11(2) 2020 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | The BRICS i.e. Brazil, Russia, India, China, and South Africa is one of the significant economic coalitions with the main purpose to provide an integrated platform to the members; where they can enjoy new disciplines beyond the existing infrastructure provided by WTO. BRICS is one of the most important import and export destinations for Pakistan with 35.2% share in total imports and 12 % shares in total exports of Pakistan. Pakistan will likely face trade diversion as a non-member of the said economic coalition as an impact of the States economic coalition. This research examines the likely influence of BRICS member's alliance on Pakistan's sectoral imports and exports, real GDP, factor returns and household income distribution by using the global Computable General Equilibrium (CGE) model in collaboration with latest available Pakistani Social Accounting Matrix (SAM) 2013, which is a tailor-made tool for these kinds of analysis. Preliminary results show a negative impact of the presumed BRICS on both the macro as well as sectoral and household levels of Pakistan; In the same way, reduction in non-tariff barriers among BRICS member's resulted in a deterioration of 0.016%, 0.405%, 0.615%, 0.105% and 0.620% in Pakistan's Real GDP, Exports, Imports, term of trade and government's income respectively. |
