The Partial and General Equilibrium Effects of the Greater Arab Free Trade Agreement

IF 1.3 Q3 ECONOMICS

International Trade Journal Pub Date : 2021-08-23 DOI:10.1080/08853908.2021.1962439

Z. El-Sahli

引用次数: 0

Abstract

ABSTRACT The Greater Arab Free Trade Agreement (GAFTA) is a regional trade agreement among the Arab countries. We incorporate recent advances in the literature to investigate the partial and general equilibrium effects of GAFTA. The partial equilibrium estimates suggest that GAFTA had a positive and significant effect on bilateral trade of around 40% in 1998 and 61% after the phasing out of tariffs. The general equilibrium analysis suggests that the welfare effects of the agreement are mostly negligible. The results highlight that deeper integration among the Arab countries is imperative to bring about further welfare benefits to the member states.

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大阿拉伯自由贸易协定的部分均衡和一般均衡效应

摘要大阿拉伯自由贸易协定（GAFTA）是阿拉伯国家之间的一项区域贸易协定。我们结合文献中的最新进展来研究GAFTA的部分和一般平衡效应。部分均衡估计表明，GAFTA对双边贸易产生了积极而显著的影响，1998年约为40%，在逐步取消关税后为61%。一般均衡分析表明，该协议的福利效应大多可以忽略不计。研究结果强调，阿拉伯国家之间的进一步一体化对于为成员国带来更多福利至关重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Trade Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： The International Trade Journal is a refereed interdisciplinary journal published for the enhancement of research in international trade. Its editorial objective is to provide a forum for the scholarly exchange of research findings in,and significant empirical, conceptual, or theoretical contributions to the field. The International Trade Journal welcomes contributions from researchers in academia as well as practitioners of international trade broadly defined.