Delivering on Promises? The Expected Impacts and Implementation Challenges of the Economic Partnership Agreements between the European Union and Africa
Bibliographic Data
| ID | 7877010 |
|---|---|
| Authors | Bernhard Tröster (0000-0002-2658-9218, ÖFSE, Austrian Foundation for Development Research Vienna, corresponding author), Rudiger von Arnim (0000-0003-4745-5080, Department of Economics University of Utah Salt Lake City), Cornelia Staritz (0000-0003-1794-9784, Department of Development Studies University of Vienna Vienna), Werner Raza (0000-0001-6663-3220, ÖFSE, Austrian Foundation for Development Research Vienna), Jan Grumiller (0000-0003-4869-3056, ÖFSE, Austrian Foundation for Development Research Vienna), Hannes Grohs (ÖFSE, Austrian Foundation for Development Research Vienna) |
| Year | 2020 |
| Volume | 58 |
| Issue | 2 |
| Pages | 365-383 |
| Publication date | 2020-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jcms.12923 |
| OpenAlex | W2967754154 |
| Language | EN |
| Citations received | 6 |
| References cited | 13 |
Economic partnership agreements (EPAs) mark a new era in economic relations between the European Union and African, Caribbean and Pacific (ACP) countries that will lead to reciprocal tariff liberalization. Model‐based impact assessments have become a powerful tool in trade negotiations and mixed results are reported for ACP countries. Given their set‐up within a neoclassical framework, these models neglect important issues such as impacts on employment, macroeconomic balances and adjustment costs. The structuralist computable general equilibrium model applied in this article for three African EPA regions addresses these shortcomings and shows negative macroeconomic and distributional effects and important adjustment costs associated with employment and public revenue losses. These results highlight the importance of policy responses to deliver on promises associated with EPAs, namely sustainable economic development. More generally, they show the importance of alternative models to understand implementation challenges and facilitate broader debates about bilateral trade agreements
Computable general equilibrium · Economics · European union · Free trade · General partnership · International economics · International trade · Liberalization · Macroeconomics · Market economy · Neglect · Negotiation · Political science · Public economics · Tariff · Finance · Fiscal Policy and Economic Growth · Global trade and economics · International Development and Aid
Trade Liberalization and Fiscal Stability in Developing Countries
The Fiscal Impacts of Trade and Investment Treaties
EU trade liberalisation, sectoral coalitions and development
Policy Coherence in the Time of Economic Insecurity
Home Field Advantage? EU–ACP Economic Partnership Agreement Meeting Locations and Textual Tone
The Trade Effects of the Economic Partnership Agreements between the European Union and the African, Caribbean and Pacific Group of States
| Unique citing works | 6 |
|---|---|
| Citations per year | 1 |
| Citation span | 2020 - 2025 (6) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |