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General Equilibrium Analysis of Albania's Integration with the EU and South Eastern Europe

Author

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  • Anna Kolesnichenko
  • Maryla Maliszewska

Abstract

The aim of this paper is to provide a framework for the analysis of implications of various trade policy options for Albania. We study the impact of implementation of the Stablization and Association Agreement, free trade agreements with South-East European neighbors and reduction of the MFN tariffs. We employ a computable general equilibrium (CGE) model, which allows for evaluation of the likely impact of trade agreements on trade, output, factor rewards, tariff revenue and welfare. Our simulations indicate that Albania has a lot to gain from further integration with its neighbors and the EU. However, the benefits from regional integration can only be realized as long as Albania gains better access for its exports on regional markets. Liberalization of trade with all trading partners allows for a permanent increase of Albanian GDP by 1% on a recurring annual basis and an increase of wages by 3.4% relative to their 2000 level.

Suggested Citation

  • Anna Kolesnichenko & Maryla Maliszewska, 2004. "General Equilibrium Analysis of Albania's Integration with the EU and South Eastern Europe," CASE Network Studies and Analyses 0283, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:cnstan:0283
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    References listed on IDEAS

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    1. Glenn W. Harrison & Thomas F. Rutherford & David G. Tarr, 2017. "Quantifying The Uruguay Round," World Scientific Book Chapters, in: Trade Policies for Development and Transition, chapter 16, pages 363-388, World Scientific Publishing Co. Pte. Ltd..
    2. Jasminka Šohinger & Davor Galinec & Glenn W. Harrison, 2001. "General Equilibrium Analysis of Croatia’s Accession to the World Trade Organization," Working Papers 6, The Croatian National Bank, Croatia.
    3. World Bank, 2003. "Trade Policies and Institutions in the Countries of South Eastern Europe in the EU Stabilization and Association Process : Regional Report," World Bank Publications - Reports 14767, The World Bank Group.
    4. International Monetary Fund, 2004. "Albania: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review," IMF Staff Country Reports 2004/022, International Monetary Fund.
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    Cited by:

    1. David Dyker & Michael Emerson & Michael Gasiorek & Peter Holmes & Malgorzata Jakubiak & Andre Jungmittag & Vicki Korchagin & Alina Kudina & Evgeny Polyakov & Andrei Roudoi & Gevorg Torosyan, 2008. "Economic Feasibility, General Economic Impact and Implications of a Free Trade Agreement Between the European Union and Armenia," CASE Network Reports 0080, CASE-Center for Social and Economic Research.
    2. David Dyker & Michael Emerson & Michael Gasiorek & Peter Holmes & Malgorzata Jakubiak & Andre Jungmittag & Vicki Korchagin & Alina Kudina & Giorgi Pertaia & Evgeny Polyakov & Andrei Roudoi & Michael T, 2008. "Economic Feasibility, General Economic Impact and Implications of a Free Trade Agreement Between the European Union and Georgia," CASE Network Reports 0079, CASE-Center for Social and Economic Research.

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