| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A COMPARATIVE ANALYSIS OF THE EU-MOROCCO FTA VS. MULTILATERAL LIBERALIZATION
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| Autores: |
Elbehri, Aziz
Hertel, Thomas W.
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| Data: |
2005-05-20
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| Ano: |
2004
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| Palavras-chave: |
International Relations/Trade
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| Resumo: |
An applied general equilibrium model with oligopoly and scale economies, based on detailed plant-level data, is used to contrast the impacts of the Morocco-EU free trade area (FTA) to multilateral trade liberalization on Morocco's economy. Simulation results show that the FTA agreement is likely to have adverse effects on Morocco due to: (a) deteriorating terms of trade, (b) reductions in output per firm in industries dominated by scale economies, (c) diversion of imports away from non-EU suppliers, and (d) potentially adverse effects on the aggregate demand for labor. We contrast this FTA with a multilateral liberalization scenario along the lines of those proposed under the Doha Development Round and find this more beneficial to Morocco, with overall welfare gains due to: (a) lesser terms of trade losses, (b) positive scale effects, (c) non-preferential liberalization of imports into Morocco, and (d) a positive impact on aggregate labor demand. We conclude that Morocco would be better off pursuing trade liberalization in the multilateral arena.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
16636
http://purl.umn.edu/28692
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| Editor: |
AgEcon Search
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| Relação: |
Purdue University>Center for Global Trade Analysis, Global Trade Analysis Project>Working papers
GTAP Working Paper No. 31
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| Formato: |
27
application/pdf
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