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The Effects of Foreign Trade Liberalization and Financial Flows between Slovenia and the EU after the Accession

Author

Listed:
  • Boris Majcen

    (Institute for Economic Research Ljubljana)

  • Miroslav Verbic

    (Institute for Economic Research Ljubljana)

  • Sasa Knezevic

    (Institute for Economic Research Ljubljana)

Abstract

The new version of the CGE model of the Slovenian economy, based on the 1998 SAM, was used for simulations of the consequences of further foreign trade liberalization after 1998 as the outcome of the finished processes of implementation of Free Trade Agreements and the European Agreement, adaptation of the Customs Tariff to the EU Common External Tariff for the manufacturing products, adoption of the EU Common External Tariff after the accession of Slovenia to the EU as well as the estimated transfers between both budgets. Results obtained show a positive net outcome of the Slovenian accession to the EU in the long run. On the other hand, rational behaviour of the government will certainly moderate possible short run negative effects and improve favourable long run effects.

Suggested Citation

  • Boris Majcen & Miroslav Verbic & Sasa Knezevic, 2005. "The Effects of Foreign Trade Liberalization and Financial Flows between Slovenia and the EU after the Accession," International Trade 0501011, EconWPA.
  • Handle: RePEc:wpa:wuwpit:0501011
    Note: Type of Document - pdf; pages: 22
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    References listed on IDEAS

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    1. Robinson, Sherman & Yunez-Naude, Antonio & Hinojosa-Ojeda, Raul & Lewis, Jeffrey D. & Devarajan, Shantayanan, 1999. "From stylized to applied models:: Building multisector CGE models for policy analysis," The North American Journal of Economics and Finance, Elsevier, vol. 10(1), pages 5-38.
    2. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
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    Cited by:

    1. Fritz Breuss, 2006. "Why Does Austria's Economy Grow Faster than Germany's?," WIFO Working Papers 280, WIFO.

    More about this item

    Keywords

    Computable General Equilibrium Model; EU-Accession; Financial Flows; Trade Liberalization; Transition Country; Regionalism;

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F15 - International Economics - - Trade - - - Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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