GTAP Resources: Resource Display
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"Evaluating the impact of EPAs: Partial Equilibrium Modelling and Beyond" by Gasiorek, Michael, Sherman Robinson and Ahmed Hashim Abstract 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. |
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- Preferential trading arrangements - Economic development - Africa (East) - European Union - Caribbean |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  2007 Conference Paper (294.9 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
