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Expansions of the European Union and the NAFTA: Implications for New and Non-Member countries

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  • Islam, Sulequl

Abstract

This paper examines the effects of enlargement of the European Union and the NAFTA on new and non-member countries. The empirical analysis is based on the applied general equilibrium model underlying the Global Trade Analysis Project (GTAP), version 5. The paper shows that expansions of the two trade blocs will substantially benefit potential member countries in Latin America, Central and East Europe. The proposed expansions however, will cause trade diversions, especially in the textile and apparel sectors of Asia.

Suggested Citation

  • Islam, Sulequl, 2003. "Expansions of the European Union and the NAFTA: Implications for New and Non-Member countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(2).
    • Handle: RePEc:eaa:aeinde:v:3:y:2003:i:3_9
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    References listed on IDEAS

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    Cited by:

    1. Rukhsana Rasheed & Mazhr Nadeem Ishaq & Muhammad Imran, 2022. "A Performance Analysis of European Union Integration: The Prospects and Lessons for South Asia," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 4(1), pages 69-77, March.
    2. George Verikios & Kevin Hanslow, 2009. "The Long-run Effects of Structural Change and the Treatment of International Capital Accumulation, Mobility and Ownership," Global Economic Review, Taylor & Francis Journals, vol. 38(3), pages 229-250.
    3. Sadequl ISLAM, 2011. "The Economic Effects On Nafta Of Trans-Atlantic Free Trade Agreements," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(1).
    4. Islam, Sadequl, 2010. "The Economic Effects of Trans-Atlantic Free Trade Agreements," Conference papers 330247, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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    More about this item

    JEL classification:

    • F1 - International Economics - - Trade
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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