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The Impacts of the Proposed EU-Libya Trade Agreement


  • George, Clive
  • Miles, Oliver
  • Prud'homme, Dan


The paper provides an overview of the potential social, economic and environmental impacts of an EU-Libya FTA as gauged by the EU-Libya Sustainability Impact Assessment (SIA). The main potential benefits to both the EU and Libya from the proposed trade agreement come from closer cooperation in the energy sector rather than from the economy-wide effects of reducing trade barriers. The agreement may also have significant adverse effects that need to be taken into account.

Suggested Citation

  • George, Clive & Miles, Oliver & Prud'homme, Dan, 2010. "The Impacts of the Proposed EU-Libya Trade Agreement," MPRA Paper 27641, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:27641

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    References listed on IDEAS

    1. Steedman, Ian, 1988. "Sraffian Interdependence and Partial Equilibrium Analysis," Cambridge Journal of Economics, Oxford University Press, vol. 12(1), pages 85-95, March.
    2. Fabio D'Orlando, 2005. "Will the classical-type approach survive Sraffian theory?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(4), pages 633-654.
    3. Lee,Frederic S., 2006. "Post Keynesian Price Theory," Cambridge Books, Cambridge University Press, number 9780521030212, May.
    4. Garegnani, Pierangelo, 1984. "Value and Distribution in the Classical Economists and Marx," Oxford Economic Papers, Oxford University Press, vol. 36(2), pages 291-325, June.
    5. Serrano, Franklin, 1995. "Long Period Effective Demand and the Sraffian Supermultiplier," Contributions to Political Economy, Oxford University Press, vol. 14(0), pages 67-90.
    6. Guglielmo Chiodi, 1998. "On Non-self-replacing States," Metroeconomica, Wiley Blackwell, vol. 49(1), pages 97-107, February.
    7. Dumenil, Gerard & Levy, Dominique, 1987. "The Dynamics of Competition: A Restoration of the Classical Analysis," Cambridge Journal of Economics, Oxford University Press, vol. 11(2), pages 133-164, June.
    8. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
    9. Luigi L. Pasinetti, 2001. "The Principle of Effective Demand and Its Relevance in the Long Run," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 23(3), pages 383-390, March.
    10. Garegnani, Pierangelo, 1984. "Piero Sraffa," Cambridge Journal of Economics, Oxford University Press, vol. 8(1), pages 1-2, March.
    11. Dumenil, Gerard & Levy, Dominique, 1999. "Being Keynesian in the Short Term and Classical in the Long Term: The Traverse to Classical Long-Term Equilibrium," Manchester School, University of Manchester, vol. 67(6), pages 684-716, December.
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    More about this item


    EU; EU-Libya FTA; Libya FTA; EU FTA; Libya; Libya trade agreement; EU-Libya trade agreement; Libya trade; SIA; Sustainability Impact Assessment; impact assessment; trade impact assessment; EU SIA; Trade; SIA; Prud'homme; Dan Prud'homme; Dan Prudhomme; Prudhomme; Prud'homme;

    JEL classification:

    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F1 - International Economics - - Trade

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