Trade liberalization in the Mediterranean countries: a general equilibrium analysis
AbstractThe Euro-Med agreements draw a scheme where free trade flows from each Partner towards the EU and vice-versa in a hub and spoke fashion. The liberalization takes place in two subsequent phases, to promote some industrial development of the Mediterranean partners before full liberalization of European exports into their markets is achieved. This study provides a general equilibrium analysis of this liberalization scheme, separately addressing the two phases of the liberalization process. Moreover, alternative model specification are tested in order to provide some insight into the robustness of results. The outcome of the simulation stresses the welfare—improving impact of liberalization for the Mediterranean countries, while the effect on the EU is negligible. An appraisal of the potential detriment to the new EU members is also provided, suggesting virtually no harm to these countries arising from the Euro-Med Partnership. The benefits for the North African economies are especially large in the specification with capital accumulation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Cattaneo University (LIUC) in its series LIUC Papers in Economics with number 181.
Length: 36 pages
Date of creation: Nov 2005
Date of revision:
Contact details of provider:
Postal: Corso Matteotti 22 - Castellanza (VA) 21053
Phone: +39 (0)331-572 1
Fax: +39 (0)331-572 320
Web page: http://www.liuc.it/default.asp
More information through EDIRC
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-02-12 (All new papers)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Piero Cavaleri).
If references are entirely missing, you can add them using this form.