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Economic Implications of the EU Accession of Bulgaria and Romania: A CGE Approach

Author

Listed:
  • Baourakis, George
  • Lakatos, Csilla
  • Xepapadeas, Anastasios

Abstract

The paper examines the economic implications of Bulgaria and Romania recent accession to the EU. The analysis has been carried out by using the GTAP model and database. In a first attempt, the effects of the removal of formal trade barriers and the adoption of common external tariffs are considered; not surprisingly, we find that associated impacts are not large, given that existing barriers have been gradually removed in accordance with the Europe Agreements. Further, we take into account the so-called "value of the current preferences", representing a scenario where there is a potential return to the MFN tariff schedule.

Suggested Citation

  • Baourakis, George & Lakatos, Csilla & Xepapadeas, Anastasios, 2008. "Economic Implications of the EU Accession of Bulgaria and Romania: A CGE Approach," Working Papers 6102, TRADEAG - Agricultural Trade Agreements.
    • Handle: RePEc:ags:tragwp:6102
    DOI: 10.22004/ag.econ.6102
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    Citations

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    Cited by:

    1. Andrei A. Levchenko & Jing Zhang, 2012. "Comparative advantage and the welfare impact of European integration [General equilibrium analysis of the Eaton–Kortum model of international trade]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 27(72), pages 567-602.
    2. Andrei A Levchenko & Jing Zhang, 2013. "The Global Labor Market Impact of Emerging Giants: A Quantitative Assessment," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(3), pages 479-519, August.
    3. repec:mie:wpaper:6237 is not listed on IDEAS
    4. Mehmet Demiral, 2016. "Has EU Accession Caused Structural Change in New Entrants? Intersectoral Linkage Analyses on Bulgaria and Romania," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 671-681.

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    Keywords

    International Relations/Trade;

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