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GTAP Resources: Resource Display

GTAP Resource #2385

"Evaluating the impact of EPAs: Partial Equilibrium Modelling and Beyond"
by Gasiorek, Michael, Sherman Robinson and Ahmed Hashim

The aim of this paper is to focus on the EPA process and to consider the light that PE models can usefully bring to bear on this process., and how insights from PE models might be incorporated into CGE models. This will be done in the context of the negotiations with the CARIFORUM grouping, and the Eastern and Southern Africa (ESA) grouping.

The advantage of PE models is that they can be used at a very high level of disaggregation, which allows for considerable detail. This can be very useful both for the evaluation of outcome but also in terms of informing negotiators considering issues such as which HS categories to include or exclude from a given agreement. However, there are important disadvantages in using PE models such as their inability to deal with general equilibrium interactions. Together with CGE models they share the relative inability to adequately capture deep integration, and also a number of broader considerations which are typically of concern when signing preferential agreements. The aim of this paper is therefore to argue and show that PE and CGE models can be extremely useful for economic analysis and for negotiatiors – but to carefully delineate their limits.

Resource Details (Export Citation) GTAP Keywords
Category: 2007 Conference Paper
Status: Published
By/In: Presented at the 10th Annual Conference on Global Economic Analysis, Purdue University, USA
Date: 2007
Created: Gasiorek, M. (4/15/2007)
Updated: Gasiorek, M. (4/15/2007)
Visits: 2,857
- Preferential trading arrangements
- Economic development
- Africa (East)
- European Union
- Caribbean

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