The European Union–West Africa Economic Partnership Agreement: Small impact and new questions

Bouët, Antoine, David Laborde Debucquet and Traoré, Fousseini
Authors registered in the RePEc Author Service: Antoine Bouët

No 1612, IFPRI discussion papers from International Food Policy Research Institute (IFPRI)

Abstract: Despite recent modifications, the Economic Partnership Agreement (EPA) between the European Union (EU) and West African (WA) countries is still being criticized for its potential detrimental effects on WA countries. This paper provides updated evidence on the impact of the EPA on these countries. A dynamic multicountry, multisector computable general equilibrium trade model with modeling of the dual-dual economy and with a consistent tariff aggregator is used to simulate a series of new scenarios that include updated information on the agreement. We also go beyond estimating macrolevel economic effects to analyze the impacts on poverty. The policy simulation results show that the implementation of the EPA between the EU and WA countries would have marginal but positive impacts on Burkina Faso and Côte d’Ivoire and negative impacts on Benin, Ghana, Nigeria, Senegal, and Togo. The impact on poverty indicators in Ghana and Nigeria would be marginal. From the perspective of WA countries, this study supports the view that recent EU concessions are not sufficient and that domestic fiscal reforms are needed in WA countries themselves.

Keywords: models; mathematical models; indicators; reforms; fiscal policies; economics; computable general equilibrium models; trade; trade agreements; poverty; impact assessment; Ghana; Burkina Faso; Côte d'Ivoire; Benin; Nigeria; Senegal; Togo; Western Africa; Sub-Saharan Africa; Africa (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-afr, nep-agr, nep-cmp and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hdl.handle.net/10568/148421

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifprid:1612

Access Statistics for this paper

More papers in IFPRI discussion papers from International Food Policy Research Institute (IFPRI) Contact information at EDIRC.
Bibliographic data for series maintained by ().