IDEAS home Printed from https://ideas.repec.org/p/ags/pugtwp/331777.html
   My bibliography  Save this paper

Economic and Social Impacts of the Prospective EU-ECOWAS Economic Partnership Agreements: The Evidence from Cote d'Ivoire

Author

Listed:
  • Kone, Youssouf

Abstract

The Economic Community of West African states (ECOWAS) is currently engaged in negotiations with the European Union over the successor agreement to the Lome IV Convention which grants non-reciprocal preferential access to the European market for exports of African Caribbean and Pacific countries. The main objective of the new Economic partnership agreement (EPA) is the ‘‘eradication of poverty in a consistent manner with the objectives of sustainable development and the gradual integration of the ACP countries in the world economy’’. Preliminary discussions have suggested the establishment of a Free Trade Area (FTA) between ECOWAS and European Union in accordance with the relevant WTO rules, eliminating tariff and non-tariff barriers progressively and help further integration among West African countries. The new regime adopted under the Cotonou Agreement also addresses the issue of trade related aid in particular to compensate fiscal revenue loss and address supply-side constraints. In this paper, we use the standard Global Trade Analysis Project (GTAP) model to assess the prospective economic and social effects of the proposed EU-ECOWAS EPAs in Cote d’Ivoire. These impacts along with proposed average tariff reductions are utilized to forecast the potential revenue gain or loss resulting from the establishment of an EPA. The preliminary simulation results show that full reciprocity will be costly for Cote d’Ivoire in terms of revenue losses, adjustments costs associated with de-industrialisation. However, unrestricted market access for Cote d’Ivoire into the EU-25, taking into account the issue of fiscal compensations promise positive gains. In addition it will result in welfare gains.

Suggested Citation

  • Kone, Youssouf, 2008. "Economic and Social Impacts of the Prospective EU-ECOWAS Economic Partnership Agreements: The Evidence from Cote d'Ivoire," Conference papers 331777, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
  • Handle: RePEc:ags:pugtwp:331777
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/331777/files/3780.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rattso, Jorn, 1982. "Different macroclosures of the original Johansen model and their impact on policy evaluation," Journal of Policy Modeling, Elsevier, vol. 4(1), pages 85-97, March.
    2. Peter Wobst, 2003. "The impact of domestic and global trade liberalisation on five Southern African countries," Journal of Development Studies, Taylor & Francis Journals, vol. 40(2), pages 70-92.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Balistreri, Edward J. & Rutherford, Thomas F. & Tarr, David G., 2009. "Modeling services liberalization: The case of Kenya," Economic Modelling, Elsevier, vol. 26(3), pages 668-679, May.
    2. Conforti, Piero & Sarris, Alexander H., 2009. "Commodity prices, structural constraints and food price shocks in Tanzania," 2009 Conference, August 16-22, 2009, Beijing, China 51905, International Association of Agricultural Economists.
    3. Haider A. Khan, 2007. "Social Accounting Matrix: A Very Short Introduction for Economic Modeling," CIRJE F-Series CIRJE-F-477, CIRJE, Faculty of Economics, University of Tokyo.
    4. Riccardo Magnani & Luca Piccoli & Martine Carré & Amedeo Spadaro, 2013. "Would a euro's depreciation improve the French economy?," Working Papers hal-01515823, HAL.
    5. María Teresa Álvarez-Martínez & Clemente Polo, 2017. "The short-run effects of EU funds in Spain using a CGE model: the relevance of macro-closures," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 6(1), pages 1-17, December.
    6. Robinson, Sherman & Yunez-Naude, Antonio & Hinojosa-Ojeda, Raul & Lewis, Jeffrey D. & Devarajan, Shantayanan, 1999. "From stylized to applied models:: Building multisector CGE models for policy analysis," The North American Journal of Economics and Finance, Elsevier, vol. 10(1), pages 5-38.
    7. Riccardo Magnani & Luca Piccoli & Martine Carré & Amedeo Spadaro, 2013. "Would a euro's depreciation improve the French economy?," CEPN Working Papers hal-01515823, HAL.
    8. Zhai, Fan, 2008. "Armington Meets Melitz: Introducing Firm Heterogeneity in a Global CGE Model of Trade," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 23, pages 575-604.
    9. De Maio, Lorenzo & Stewart, Frances & van der Hoeven, Rolph, 1999. "Computable General Equilibrium Models, Adjustment and the Poor in Africa," World Development, Elsevier, vol. 27(3), pages 453-470, March.
    10. von Arnim, Rudiger, 2009. "Recession and rebalancing: How the housing and credit crises will impact US real activity," Journal of Policy Modeling, Elsevier, vol. 31(3), pages 309-324, May.
    11. Mayer, Francine, 1983. "Les modèles de répartition des revenus de type intégré : quelques éléments de comparaison," L'Actualité Economique, Société Canadienne de Science Economique, vol. 59(1), pages 121-134, mars.
    12. Hess, Sebastian & von Cramon-Taubadel, Stephan, 2007. "Assessing general and partial equilibrium simulations of Doha round outcomes using meta-analysis," University of Göttingen Working Papers in Economics 67, University of Goettingen, Department of Economics.
    13. Vos, R.P. & Ganuza, E. & Morley, S. & Robinson, S. & Pineiro, V., 2004. "Are export promotion and trade liberalization good for Latin America's poor? : a comparative macro-micro CGE analysis," ISS Working Papers - General Series 19158, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    14. Edward C. Waters & David W. Holland & Bruce A. Weber, 1997. "Economic Impacts of a Property Tax Limitation: A Computable General Equilibrium Analysis of Oregon's Measure 5," Land Economics, University of Wisconsin Press, vol. 73(1), pages 72-89.
    15. Haider A. Khan, 2007. "Social Accounting Matrices(SAMs) and CGE Modeling:Using Macroeconomic Computable General Equilibrium Models for Assessing Poverty Impact of Structural Adjustment Policies," CIRJE F-Series CIRJE-F-463, CIRJE, Faculty of Economics, University of Tokyo.
    16. Kis, Peter & Robinson, Sherman & Tyson, Laura, 1986. "Computable General Equilibrium (CGE) Models for Socialist Economies," CUDARE Working Papers 198298, University of California, Berkeley, Department of Agricultural and Resource Economics.
    17. Haider A. Khan, 2007. "Trade Liberalization and Poverty Reduction in General Equilibrium: The Role of Labor Market Structure," CIRJE F-Series CIRJE-F-462, CIRJE, Faculty of Economics, University of Tokyo.
    18. Essama-Nssah, 2004. "Building and running general equilibrium models in EViews," Policy Research Working Paper Series 3197, The World Bank.
    19. Marta Marson & Donatella Saccone & Elena Vallino, 2023. "Total trade, cereals trade and undernourishment: new empirical evidence for developing countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(2), pages 299-332, May.
    20. Bill Gibson, 2008. "Keynesian And Neoclassical Closures In An Agent-Based Context," UMASS Amherst Economics Working Papers 2008-03, University of Massachusetts Amherst, Department of Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:pugtwp:331777. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/gtpurus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.