The African Continental Free Trade Agreement :: Welfare Gains Estimates from a General Equilibrium Model /
In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a multi-count...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
[2019]
|
| Schriftenreihe: | IMF working paper ;
WP/19/124. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a multi-country, multi-sector general equilibrium model based on Costinot and Rodriguez-Clare (2014), we estimate the welfare effects of the AfCFTA for 45 countries in Africa. Three different model specifications-comprising both perfect competition and monopolistic competition-are used. Simulations include full elimination of import tariffs and partial but substantial reduction in non-tariff barriers (NTBs). Results reveal significant potential welfare gains from trade liberalization in Africa. As intra-regional import tariffs in the continent are already low, the bulk of these gains come from lowering NTBs. Overall gains for the continent are broadly similar under the three model specifications used, with considerable variation of potential welfare gains across countries in all model structures. |
| Beschreibung: | 1 online resource (33 pages) |
| ISBN: | 1498314392 1498318800 9781498314398 9781498318808 |
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| 520 | 3 | |a In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a multi-country, multi-sector general equilibrium model based on Costinot and Rodriguez-Clare (2014), we estimate the welfare effects of the AfCFTA for 45 countries in Africa. Three different model specifications-comprising both perfect competition and monopolistic competition-are used. Simulations include full elimination of import tariffs and partial but substantial reduction in non-tariff barriers (NTBs). Results reveal significant potential welfare gains from trade liberalization in Africa. As intra-regional import tariffs in the continent are already low, the bulk of these gains come from lowering NTBs. Overall gains for the continent are broadly similar under the three model specifications used, with considerable variation of potential welfare gains across countries in all model structures. | |
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| 650 | 6 | |a Développement économique |z Afrique. | |
| 650 | 6 | |a Libre-échange |z Afrique. | |
| 651 | 6 | |a Afrique |v Accords commerciaux. | |
| 651 | 6 | |a Afrique |x Intégration économique. | |
| 650 | 7 | |a Economic development |2 fast | |
| 650 | 7 | |a Free trade |2 fast | |
| 650 | 7 | |a International economic integration |2 fast | |
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| 650 | 7 | |a Protection. |2 imf | |
| 655 | 7 | |a Commercial treaties |2 fast | |
| 700 | 1 | |a Amado, Maria Alejandra, |e author. | |
| 700 | 1 | |a Gursoy, Tunc, |e author. | |
| 710 | 2 | |a International Monetary Fund, |e issuing body. |0 http://id.loc.gov/authorities/names/n81052755 | |
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| author | Abrego, Lisandro Amado, Maria Alejandra Gursoy, Tunc |
| author_facet | Abrego, Lisandro Amado, Maria Alejandra Gursoy, Tunc |
| author_role | aut aut aut |
| author_sort | Abrego, Lisandro |
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| contents | Key elements of the AfCFTA -- The current state of trade in Africa -- A model for evaluating the effects of the AfCFTA -- Data and calibration -- Simulation results -- Relation to other studies -- Conclusion and policy implications. |
| ctrlnum | (OCoLC)1107586938 |
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| dewey-ones | 338 - Production |
| dewey-raw | 338.96 |
| dewey-search | 338.96 |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
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| genre | Commercial treaties fast |
| genre_facet | Commercial treaties |
| geographic | Africa Commercial treaties. Africa Economic integration. Afrique Accords commerciaux. Afrique Intégration économique. Africa fast https://id.oclc.org/worldcat/entity/E39PBJkHrMyfHC67yqRTycbrv3 |
| geographic_facet | Africa Commercial treaties. Africa Economic integration. Afrique Accords commerciaux. Afrique Intégration économique. Africa |
| id | ZDB-4-EBA-on1107586938 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-27T13:29:31Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n81052755 |
| isbn | 1498314392 1498318800 9781498314398 9781498318808 |
| language | English |
| oclc_num | 1107586938 |
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| physical | 1 online resource (33 pages) |
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| publishDate | 2019 |
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| publisher | International Monetary Fund, |
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| series | IMF working paper ; |
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| spelling | Abrego, Lisandro, author. The African Continental Free Trade Agreement : Welfare Gains Estimates from a General Equilibrium Model / Lisandro Abrego, Maria Alejandra Amado, Tunc Gursoy. [Washington, D.C.] : International Monetary Fund, [2019] ©2019 1 online resource (33 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF Working Paper ; WP/19/124 Key elements of the AfCFTA -- The current state of trade in Africa -- A model for evaluating the effects of the AfCFTA -- Data and calibration -- Simulation results -- Relation to other studies -- Conclusion and policy implications. In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a multi-country, multi-sector general equilibrium model based on Costinot and Rodriguez-Clare (2014), we estimate the welfare effects of the AfCFTA for 45 countries in Africa. Three different model specifications-comprising both perfect competition and monopolistic competition-are used. Simulations include full elimination of import tariffs and partial but substantial reduction in non-tariff barriers (NTBs). Results reveal significant potential welfare gains from trade liberalization in Africa. As intra-regional import tariffs in the continent are already low, the bulk of these gains come from lowering NTBs. Overall gains for the continent are broadly similar under the three model specifications used, with considerable variation of potential welfare gains across countries in all model structures. Online resource; title from PDF title page (IMF, viewed August 28, 2020). Economic development Africa. Free trade Africa. Africa Commercial treaties. Africa Economic integration. Développement économique Afrique. Libre-échange Afrique. Afrique Accords commerciaux. Afrique Intégration économique. Economic development fast Free trade fast International economic integration fast Africa fast https://id.oclc.org/worldcat/entity/E39PBJkHrMyfHC67yqRTycbrv3 Commercial Policy. imf Models of Trade with Imperfect Competition and Scale Economies. imf Neoclassical Models of Trade. imf Promotion. imf Protection. imf Commercial treaties fast Amado, Maria Alejandra, author. Gursoy, Tunc, author. International Monetary Fund, issuing body. http://id.loc.gov/authorities/names/n81052755 Print version: Abrego, Lisandro. African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model. Washington, D.C. : International Monetary Fund, ©2019 9781498314398 IMF working paper ; WP/19/124. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2181260 Volltext |
| spellingShingle | Abrego, Lisandro Amado, Maria Alejandra Gursoy, Tunc The African Continental Free Trade Agreement : Welfare Gains Estimates from a General Equilibrium Model / IMF working paper ; Key elements of the AfCFTA -- The current state of trade in Africa -- A model for evaluating the effects of the AfCFTA -- Data and calibration -- Simulation results -- Relation to other studies -- Conclusion and policy implications. Economic development Africa. Free trade Africa. Développement économique Afrique. Libre-échange Afrique. Economic development fast Free trade fast International economic integration fast Commercial Policy. imf Models of Trade with Imperfect Competition and Scale Economies. imf Neoclassical Models of Trade. imf Promotion. imf Protection. imf |
| title | The African Continental Free Trade Agreement : Welfare Gains Estimates from a General Equilibrium Model / |
| title_auth | The African Continental Free Trade Agreement : Welfare Gains Estimates from a General Equilibrium Model / |
| title_exact_search | The African Continental Free Trade Agreement : Welfare Gains Estimates from a General Equilibrium Model / |
| title_full | The African Continental Free Trade Agreement : Welfare Gains Estimates from a General Equilibrium Model / Lisandro Abrego, Maria Alejandra Amado, Tunc Gursoy. |
| title_fullStr | The African Continental Free Trade Agreement : Welfare Gains Estimates from a General Equilibrium Model / Lisandro Abrego, Maria Alejandra Amado, Tunc Gursoy. |
| title_full_unstemmed | The African Continental Free Trade Agreement : Welfare Gains Estimates from a General Equilibrium Model / Lisandro Abrego, Maria Alejandra Amado, Tunc Gursoy. |
| title_short | The African Continental Free Trade Agreement : |
| title_sort | african continental free trade agreement welfare gains estimates from a general equilibrium model |
| title_sub | Welfare Gains Estimates from a General Equilibrium Model / |
| topic | Economic development Africa. Free trade Africa. Développement économique Afrique. Libre-échange Afrique. Economic development fast Free trade fast International economic integration fast Commercial Policy. imf Models of Trade with Imperfect Competition and Scale Economies. imf Neoclassical Models of Trade. imf Promotion. imf Protection. imf |
| topic_facet | Economic development Africa. Free trade Africa. Africa Commercial treaties. Africa Economic integration. Développement économique Afrique. Libre-échange Afrique. Afrique Accords commerciaux. Afrique Intégration économique. Economic development Free trade International economic integration Africa Commercial Policy. Models of Trade with Imperfect Competition and Scale Economies. Neoclassical Models of Trade. Promotion. Protection. Commercial treaties |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2181260 |
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