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GTAP Resources: Resource Display

GTAP Resource #6302

"Potential economic and environmental impacts of the African Continental Free Trade Area (AfCFTA)"
by Omoju, Oluwasola Emmanuel


Abstract
The launch of the African Continental Free Trade Agreement (AfCFTA) is motivated by the need to reverse the lower share of intra-African trade and proportion of African trade with the rest of the world. While the economic impacts of the AfCFTA have attracted significant attention in the literature, empirical evidence on its environmental effects is scanty. Hence, this study attempts to investigate the economic and environmental impacts of the AfCFTA using the PEP-1-w multi-region world CGE model calibrated against the GTAP 7 database. The preliminary results are based only on the economic impacts. Overall, the results shows that the implementation of the AfCFTA will lead to welfare improvement in Africa, but these welfare improvements do not cut across all countries proportionally. Also, the agreement results in trade diversion as trading within African countries increase at the expense of trading with the rest of the world. Based on these results and forthcoming results on the environmental aspects, appropriate policy recommendations will be suggested.


Resource Details (Export Citation) GTAP Keywords
Category: 2021 Conference Paper
Status: Not published
By/In: Presented during the 24th Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2021
Version:
Created: Omoju, O. (4/15/2021)
Updated: Omoju, O. (6/24/2021)
Visits: 859
- Baseline development
- Trade and the environment
- Economic development
- Economic growth
- Preferential trading arrangements
- Africa (Central)
- Africa (East)
- Africa (North)
- Africa (Southern)
- Africa (West)


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Comments (1 posted)
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Posted by: Omoju, Oluwasola Emmanuel   4/15/2021 7:43:00 AM
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Last Modified: 9/15/2023 2:05:45 PM