Expansions of the European Union and the NAFTA: Implications for New and Non-Member countries
AbstractThis paper examines the effects of enlargement of the European Union and the NAFTA on new and non-member countries. The empirical analysis is based on the applied general equilibrium model underlying the Global Trade Analysis Project (GTAP), version 5. The paper shows that expansions of the two trade blocs will substantially benefit potential member countries in Latin America, Central and East Europe. The proposed expansions however, will cause trade diversions, especially in the textile and apparel sectors of Asia.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.
Volume (Year): 3 (2003)
Issue (Month): 2 ()
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Find related papers by JEL classification:
- F1 - International Economics - - Trade
- O51 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
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