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GTAP Resource #1607

"A Dynamic Multisectoral Analysis of Jordan's Trade Liberalisation"
by Feraboli, Omar


Abstract
This paper aims at assessing the impact on the Jordanian economy of the implementation of the Association Agreement (AA) with the European Union (EU). The Agreement between Jordan and the EU entered into force in 2002. It eliminates progressively tariffs on industrial goods imported by Jordan from the EU, and leads eventually to the creation of a free-trade area between Jordan and the EU in 2014. Custom duties on agricultural products imported by Jordan from the EU are subject to a gradual, but partial reduction. Given the negative impact of trade liberalisation on government revenue, counteracting fiscal measures are required in order to offset the loss in government revenue. In order to capture intertemporal and intersectoral effects brought about by trade liberalisation on the domestic economy, a multisectoral and dynamic CGE model is specified and calibrated to simulate the implementation of the preferential trade agreement with the EU and non-discriminatory trade liberalisation.


Resource Details () GTAP Keywords
Category: Other CGE Application
Status: Not published
By/In: Paper presented at International Conference on Policy Modeling (ECOMOD), Jun/Jul 2004
Date: 2004
Version:
Created: Feraboli, O. (7/8/2004)
Updated: Dimaranan, B. (7/19/2004)
Visits: 1,472
- Preferential trading arrangements
- European Union
- Middle East


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