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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Abrego, Lisandro (Autor), Amado, Maria Alejandra (Autor), Gursoy, Tunc (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2019]
Colección:IMF working paper ; WP/19/124.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Abrego, Lisandro,  |e author. 
245 1 4 |a The African Continental Free Trade Agreement :  |b Welfare Gains Estimates from a General Equilibrium Model /  |c Lisandro Abrego, Maria Alejandra Amado, Tunc Gursoy. 
264 1 |a [Washington, D.C.] :  |b International Monetary Fund,  |c [2019] 
264 4 |c ©2019 
300 |a 1 online resource (33 pages) 
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490 1 |a IMF Working Paper ;  |v WP/19/124 
505 0 |a 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. 
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 0 |a Economic development  |z Africa. 
650 0 |a Free trade  |z Africa. 
651 0 |a Africa  |v Commercial treaties. 
651 0 |a Africa  |x Economic integration. 
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 
651 7 |a Africa  |2 fast 
650 7 |a Commercial Policy.  |2 imf 
650 7 |a Models of Trade with Imperfect Competition and Scale Economies.  |2 imf 
650 7 |a Neoclassical Models of Trade.  |2 imf 
650 7 |a Promotion.  |2 imf 
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. 
776 0 8 |i Print version:  |a Abrego, Lisandro.  |t African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model.  |d Washington, D.C. : International Monetary Fund, ©2019  |z 9781498314398 
830 0 |a IMF working paper ;  |v WP/19/124. 
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