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Trade and Competition Policies for Growth in Lebanon: A General Equilibrium Analysis

Author

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  • Dessus Sebastien

    (The World Bank)

  • Ghaleb Joey R

    (The World Bank)

Abstract

Using recent data on concentration indexes, we estimate that rents accruing from monopolistic positions represent more than 16 percent of GDP in Lebanon. In turn, using an applied computable general equilibrium model, we compare the long term impact of raising domestic competition with that of reducing import tariffs. Simulation results suggest that Lebanon would largely benefit from the reduction of anti-competitive practices. By way of comparison, reducing tariffs would be structurally less effective in terms of raising investment opportunities and real wages, which, in the long run, would inevitably affect economic growth.

Suggested Citation

  • Dessus Sebastien & Ghaleb Joey R, 2008. "Trade and Competition Policies for Growth in Lebanon: A General Equilibrium Analysis," Review of Middle East Economics and Finance, De Gruyter, vol. 4(1), pages 59-80, January.
    • Handle: RePEc:bpj:rmeecf:v:4:y:2008:i:1:n:4
    DOI: 10.2202/1475-3693.1067
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    References listed on IDEAS

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    1. Thomas F. Rutherford & E. Elisabet Rutstrom & David Tarr, 2014. "Morocco's free trade agreement with the EU: A quantitative assessment," World Scientific Book Chapters, in: APPLIED TRADE POLICY MODELING IN 16 COUNTRIES Insights and Impacts from World Bank CGE Based Projects, chapter 17, pages 405-437, World Scientific Publishing Co. Pte. Ltd..
    2. Beghin, John C. & Roland-Holst, David & Van der Mensbrugghe, Dominique, 2002. "Trade and the Environment in General Equilibrium: Evidence from Developing Economies," Staff General Research Papers Archive 4090, Iowa State University, Department of Economics.
    3. Roberto Roson, 2006. "Introducing Imperfect Competition in CGE Models: Technical Aspects and Implications," Computational Economics, Springer;Society for Computational Economics, vol. 28(1), pages 29-49, August.
    4. Michael Keen & Jenny E. Ligthart, 2005. "Coordinating Tariff Reduction and Domestic Tax Reform under Imperfect Competition," Review of International Economics, Wiley Blackwell, vol. 13(2), pages 385-390, May.
    5. Beghin, John C. & Dessus, Sebastien & Roland-Holst, David & Van der Mensbrugghe, Dominique, 2002. "Empirical Modelling of Trade and the Environment," Staff General Research Papers Archive 5385, Iowa State University, Department of Economics.
    6. Chatti Rim, 2003. "A CGE Assessment of FTA Between Tunisia and the EU Under Oligopolistic Market Structures," Review of Middle East Economics and Finance, De Gruyter, vol. 1(2), pages 1-30, August.
    7. Rika Takahashi, 2005. "Domestic Competition Policy And Tariff Policy Compared," The Japanese Economic Review, Japanese Economic Association, vol. 56(2), pages 210-222, June.
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    Cited by:

    1. Lucke, Bernd & Zotti, Jacopo, 2016. "Macroeconomic effects of the Barcelona Initiative," Journal of Policy Modeling, Elsevier, vol. 38(5), pages 837-854.

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