European and Euro-meditterranean Agreements: same simulation analysis on the effects of the EU trade policy
AbstractThis paper deals with the long term effects of several important trade policy initiatives implemented by the EU in the last decade: the European Agreements, the Euro-Mediterranean Agreements and the Customs Union with Turkey. The analytical tool is GTAP, a static and perfectly competitive CGE model whose database has been aggregated into 10 regions and 10 industries. On average, liberalisation of manufacturing industries turns out to be welfare creating for the subscribers and slightly damaging for the world economy; the eventual opening of agricultural markets by the EU would improve these results. Income distribution inside the involved areas is only weakly affected by integration; with regard to the EU, return to capital and wages – for both skilled and unskilled labour - tend to appreciate in real terms.
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Bibliographic InfoPaper provided by KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy in its series KITeS Working Papers with number 110.
Length: 24 pages
Date of creation: Jun 2000
Date of revision: Jun 2000
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Find related papers by JEL classification:
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-01-21 (All new papers)
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- Francois, Joseph F. & McQueen, Matthew & Wignaraja, Ganeshan, 2005. "European Union-developing country FTAs: overview and analysis," World Development, Elsevier, vol. 33(10), pages 1545-1565, October.
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- Konstadinos Mattas & George Baourakis & Konstantinos Galanopoulos & Fatima El hadad Gauthier & Etienne Montaigne & Michel Petit & Hilel HAMADACHE & Ibrahim Soliman & Ahmed Mashhour & Mohamed Gaber & A, 2012. "A review of the national and international agro-food policies and institutions in the Mediterranean Region [Synthesis]," Working Papers 180949, Institut National de la Recherche Agronomique, France.
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