@article{Rakotoarisoa:332844,
      recid = {332844},
      author = {Rakotoarisoa, Manitra A.},
      title = {Services Trade Liberalization between the European Union  and Africa Caribbean and Pacific Countries: A Dynamic  Approach},
      address = {2017},
      year = {2017},
      note = {Presented at the 20th Annual Conference on Global Economic  Analysis, West Lafayette, IN, USA},
      abstract = {That the services sectors affect employment and welfare  especially through their strong links to other sectors in  the economy is firmly unarguable.  Globally, the services  sectors directly employ 70% of the unskilled labour and  about 85% of skilled labour. Services produce 24% and 32%,  respectively, of intermediate goods used in the key sectors  of agriculture and manufacturing.  In both developed and  developing countries, many services such as communication,  insurance, and transport remain, however, highly protected.    In the trade negotiation between ACP and the EU countries  under the Economic Partnership Agreement (EPA), the  liberalization of the trade in services is stalled by  numerous issues stemming mainly from fears of losing tax  revenues and employment.  Fear arises because of trade  negotiators? uncertainties over the sectoral impacts and  overall welfare and employment effects when trade  liberalization in the goods markets is accompanied by trade  in the services markets. The purpose of this paper is to  contribute to filling the knowledge gap and estimate the  welfare and employment effects of the liberalization of  services trade between ACP and EU countries.  Of primary  importance is the timing of the liberalization of the  service sector with respect to the liberalization of the  goods sectors, especially for the impacts on and  implications for employment and welfare.  This paper uses a  dynamic general equilibrium model (GDyn) and takes into  account the differences in labour productivity trend among  trading blocks and regions.  The simulation includes  varying the rates of productivity growth and technological  progress and the timing and the rates of tariff cuts in the  services sectors to examine the extent of welfare and  employment effects.  The findings are intended to provide  policy implications especially to increase welfare and  employment for countries for the ACP and EU trade.},
      url = {http://ageconsearch.umn.edu/record/332844},
}