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

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.


Issue Date:
2008
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/6102
Total Pages:
16
Series Statement:
TRADEAG Working Papers
1/2008




 Record created 2017-04-01, last modified 2017-10-22

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