Search results for "free trade"
showing 10 items of 53 documents
The Impact of Trade Liberalisation on Water Use: A Computable General Equilibrium Analysis
2008
Water is scarce in many countries. One instrument to improve the allocation of a scarce resource is (efficient) pricing or taxation. However, water is implicitly traded on international markets, particularly through food and textiles, so that impacts of water taxes cannot be studied in isolation, but require an analysis of international trade implications. We include water as a production factor in a multi-region, multi-sector computable general equilibrium model (GTAP), to assess a series of water tax policies. We find that water taxes reduce water use, and lead to shifts in production, consumption, and international trade patterns. Countries that do not levy water taxes are nonetheless af…
The Strategy and the Reasons of the Republic of Moldova's Association with European Union
2014
Abstract The European Union and the Republic of Moldova negotiated an Association Agreement (AA) in 2010, and a Deep and Comprehensive Free Trade Area (DCFTA) in 2012. After completion of negotiations and initialling of AA, before the full Agreement can enter into force, action is needed to ensure that the Parties are able to enjoy the full benefits of the Agreement. SMEs play a focal role in the implementation of the future DCFTA. The article describes the economic and political basis for association/integration, outlining the importance of SMEs. This article is reasoning for future PhD research in this area.
Trade balances and exchange rates in the long run for European Union countries
2000
This paper has found evidence that real effective exchange rates have a positive impact on the trade balance in the long run for major European Union countries. This result sheds more light on the long-run statistical relationship between those two variables, at least in the context of the Community. The existence of that link is sustained by the effects that income variables have on the trade balance. The outcomes of this analysis in support of a long-run equilibrium relationship are consistent with the imperfect substitutes model, confirming the validity of this model for economic policy implementation purposes. Low, long-run elasticities of the trade balance with respect to the real effe…
The Theory of the Flying Geese Pattern of Development and Its Interpretations
1994
An interpretation is made of Akamatsu Kaname's theory of the flying geese pattern of development, launched in Japan during the 1930s. This theory explains how an undeveloped country can become developed relatively quickly. The undeveloped country adopts suitable labour-intensive industries from more developed countries. It produces first for the home market, but starts to export as soon as the industries have grown strong enough. Initially, products are simple, crude and cheap, but gradually the level of quality is elevated. The procedure is repeated over and over again, leading to a rapid process of national economic development. In Japanese postwar industrial policy, certain industries w…
Early modern trade flows between smaller states : the Portuguese-Swedish trade in the eighteenth century as an example
2015
The eighteenth century was a period of many great power wars and competition for colonies. However, despite the turmoil, smaller nations were able to carve their niches in the international trade of the period. Examination of new sources, used in a comparative fashion, indicates that bilateral trade still has much to offer for the analysis of international trade history. The pattern of bilateral trade between Sweden and Portugal indicates that they were not equally dependent on that trade, and that the products traded varied over time. Usually bulk commodities dominated this trade, as each country focused on its core competencies. Overall, the volume of trade and the number of ships travell…
On the African Continental Free Trade Area
2021
Africa-wide integration projects have competed with step-wise regional integration since independence. This chapter examines the new project of an African Continental Free Trade Area (AfCFTA). The project’s potential to become an economic game-changer for Africa is analysed alongside the likely pitfalls of the arrangement. We conclude that while a well-staged AfCFTA can resolve a number of critical issues associated with intra-African integration, it cannot replace existing RECs, especially not with respect to negotiating extra-regional trade agreements. It is argued that to avoid undercutting the entire process, the entrenched logic of exceptions and exclusions from tariff liberalization m…
Trade Liberalization and Heterogeneous Technology Investments
2015
We propose a trade model where heterogeneous firms decide on a productivity-enhancing technology investment. The model analyzes the impact of multilateral trade liberalization on firm- and industry-level productivity. Freer trade increases the incentives to invest in technology by raising export profits. It also dampens these incentives, however, as profits stemming from domestic sales are reduced. Only exporters benefit from the former positive effect. The shape of the distribution of efficiency draws, the level of trade costs and the technology intensity of the industry are key elements removing the ambiguities regarding the net impact of trade liberalization.
European Union's Competitiveness and Export Performance in Context of EU – Russia Political and Economic Sanctions
2015
Abstract This paper aims to explore performance of European Union's export in context of competitiveness targets enclosed in Europe 2020 strategy. Authors are addressing recent geo-political events regarding EU-Russia political and economic sanctions. Authors evaluate only economic results from sanctions and do not make an analysis of the nature of political sanctions. Paper gives an overview of the European Union trade performance within last 15 years and makes detailed analysis of the trade structure. Further, authors address European Union – Russia trade and nature of the trade. At the end of the article authors evaluate impact of the sanctions that took effect within a last year.
Impact on European Union Studies of the Developing EU Comprehensive Economic and Trade Agreements with Third Countries: The Case of Canada
2015
The EU has signed an agreement in principle for a Comprehensive Economic and Trade Agreement with Canada, the first of its kind for the EU, entering into force in 2015, opening a renewed market access strategy for the EU and has initiated negotiations with the USA.
Sub‐regional integration in the MENA region and the euro‐mediterranean free trade area
1999
The creation of a new Euro‐Mediterranean region in which to build a shared prosperity area requires existing North‐South economic integration to be complemented by South‐South trade liberalization. Trade links among the southern and eastern Mediterranean countries have remained at a very low level. There is room for greater commercial integration, although the scope for an increase in intra‐regional trade volume is limited. Trade liberalization could lead to a relocation of resources according to comparative advantage and to the growth of intra‐industry trade. However, some economic instruments are required both in order to allay political fears and in order to upgrade transport, communicat…