Effects of Serbian Accession to the European Union
In this article, the global simulation model (GSIM) of Joseph F. Francois and Keith H. Hall (2009) for analyzing global, regional, and unilateral trade policy changes was applied to Serbia. This was to measure the effects of full trade liberalization with the EU after Serbian accession to the EU. As anticipated, most of the changes in welfare after full liberalization of trade between Serbia and EU can be expected in sectors where Serbia has specialized; protection against imports from the EU is strong. However, losses could also occur in sectors that currently face strong protection against the rest of the world and this protection is lost after EU accession. Trade liberalization will lead to a substantial loss of tariff revenues. Reduced consumer prices might, on the one hand increase consumer surplus but on the other hand decrease producer surplus and output in certain industries.
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- Patrick A. Messerlin, 2001. "Measuring the Costs of Protection in Europe: European Commercial Policy in the 2000s," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 102.
- David Vanzetti & Santiago Fernandez de Córdoba & Veronica Chau, 2005. "Banana Split: How Eu Policies Divide Global Producers," UNCTAD Blue Series Papers 31, United Nations Conference on Trade and Development.
- Joseph Francois & H. Keith Hall, 2009. "Global Simulation Analysis of Industry-Level Trade Policy: the GSIM model," IIDE Discussion Papers 20090803, Institue for International and Development Economics.
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- Mutambatsere, Emelly, 2006. "Trade Policy Reforms in the Cereals Sector of the SADC Region: Implications on Food Security," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25380, International Association of Agricultural Economists.
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