Regionalism, Trade And Growth: The Case Of The Eu-South Africa Free Trade Arrangement
AbstractIn a sequential Computable General Equilibrium analysis, we investigate the likely effects of the EU-South Africa Free Trade agreement (FTA), with a special emphasis on South Africa’s growth prospects. We find that the FTA increases South African output and welfare. We note, however, that the gains are very modest when viewed in the context of the time period over which full adjustment to the treaty provisions is expected to occur. Only 2 percent of the economic growth expected over the next 18 years in South Africa can be linked to additional trade associated with the FTA. The long phase-in period and the partial benefits of regionalism limit the importance of trade as an engine of growth.
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Bibliographic InfoPaper provided by EconWPA in its series International Trade with number 0108001.
Length: 18 pages
Date of creation: 01 Aug 2001
Date of revision:
Note: Type of Document - PDF; prepared on PC; to print on HP/PostScript/Franciscan monk; pages: 18
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Free Trade Area; South Africa; European Union;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
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- By Gunnar Jonsson & Arvind Subramanian, 2001.
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"Free Trade Agreements and the SADC Economies,"
Journal of African Economies,
Centre for the Study of African Economies (CSAE), vol. 12(2), pages 156-206, June.
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