The Trans-Pacific Partnership (TPP): Analysis of Economic Studies

Source: James K. Jackson, Congressional Research Service, CRS Report, R44551, June 30, 2016

…This report analyses some studies of the economic impact of TPP that are playing an important role in affecting the public policy debate, including the following:
• U.S. International Trade Commission (USITC): estimated the TPP would increase annual U.S. GDP by 0.15%, and trade by 1.0% by 2032; U.S. annual employment would be higher by 128,000.
• Peter A. Petri and Michael G. Plummer (Peterson Institute for International Economics) estimated that the TPP would increase annual GDP by 0.5% and increase U.S. exports by 9.0% by 2030.
• World Bank: estimated the TPP would increase U.S. GDP by 0.5% by 2030.
• Tufts University, Global Development and Environment Institute study by Jeronim Capaldo and Alex Izurieta: estimated that all TPP participants would lose 770,000 jobs and non-TPP developing economies would lose 4.5 million jobs.
• Other studies that use such proxy indicators as trade balances and jobs associated with exports to assess the impact of the TPP….