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GTAP Resources: Resource Display

GTAP Resource #72

"CEEC (Central and Eastern European Countries) Accession to the EU: A General Equilibrium Analysis"
by Liapis, Peter and Marinos Tsigas

This chapter examines the economic implications of European Union enlargement on EU members, the United States, and the rest of the world. Our findings include the following: economic welfare in the enlarged EU may improve, due mainly to improved terms-of-trade for the Union; extension of the CAP to agricultural producers in the new member countries may cause a substantial increase in the CAP budget; further reforms in the CAP may lead to a welfare improvement for the European Union but they may not reduce substantially transfers to new member countries; the economy-wide impact for the United States may be positive and small; agricultural producers in the United States, however, may be hurt.

Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
Status: Published
By/In: Chapter 5 in Regional Trade Agreements and U.S. Agriculture, edited by Mary E. Burfisher, and Elizabeth A. Jones, Agricultural Economics Report No. 771, Nov. 1998.
Date: 1998
Created: Bacou, M. (9/27/2000)
Updated: Tsigas, M. (10/7/2007)
Visits: 3,015
- Calibration and parameter estimation

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