3. Competing Economic Models Find Losses to the US and Other TPP Countries: Scholars at Tufts University used another standard econometric model to produce a report estimating the likely economic results of the TPP. That model is the UN Global Policy Model. The model does not assume the untrue facts - i.e. full employment and invariant income distribution - used by the PIIE's method.
Application of the UN Global Policy Model finds that TPP will negatively affect US growth, will increase job losses in all economies and will increase income inequality. The PIIE declined to use this model for reasons not explained.
Conclusion: Congress, the media and the general public should view the PIIE report as revealing the lack of any economic benefit from the TPP under the most optimistic, albeit implausible, circumstances. It is more likely that job destruction and industry shrinkage will continue being the net result.
The Coalition for a Prosperous America is a nonprofit organization representing the interests of 2.7 million households through our agricultural, manufacturing and labor members.
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