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Economic Implications of the EU Accession of Bulgaria and Romania: A CGE Approach

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Author Info

  • Baourakis, George
  • Lakatos, Csilla
  • Xepapadeas, Anastasios

Abstract

The paper examines the economic implications of Bulgaria and Romania recent accession to the EU. The analysis has been carried out by using the GTAP model and database. In a first attempt, the effects of the removal of formal trade barriers and the adoption of common external tariffs are considered; not surprisingly, we find that associated impacts are not large, given that existing barriers have been gradually removed in accordance with the Europe Agreements. Further, we take into account the so-called "value of the current preferences", representing a scenario where there is a potential return to the MFN tariff schedule.

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File URL: http://purl.umn.edu/6102
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Bibliographic Info

Paper provided by TRADEAG - Agricultural Trade Agreements in its series Working Papers with number 6102.

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Date of creation: 2008
Date of revision:
Handle: RePEc:ags:tragwp:6102

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Web page: http://tradeag.vitamib.com/

Related research

Keywords: International Relations/Trade;

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Cited by:
  1. Andrei A. Levchenko & Jing Zhang, . "The Global Labor Market Impact of Emerging Giants: a Quantitative Assessment," Working Papers 637, Research Seminar in International Economics, University of Michigan.
  2. Jing Zhang & Andrei A. Levchenko, 2011. "Comparative Advantage and the Welfare Impact of European Integration," 2011 Meeting Papers 819, Society for Economic Dynamics.

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