Brexit and Everything But Arms (EBA) Countries: Losing Preferences

Zoryana Olekseyuk and Israel Osorio Rodarte

No 332960, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: This paper investigates the impact of Brexit on the Least Developed Countries (LDCs) that currently enjoy a preferential treatment under the Everything But Arms (EBA) treaty. We use an innovative multi-region and multi-sector general-equilibrium simulation model incorporating a competitive selection of heterogeneous manufacturing firms and FDI in services. In addition, we conduct a set of microsimulations using the Global Income Distribution Dynamics (GIDD) model and, therefore, provide detailed results for poverty and shared prosperity. Our results indicate that an increase in UK’s tariffs and NTBs against the EBA countries along with Brexit would lead to a negative impact in all included LDCs with the highest welfare change of -1.39% in Cambodia. The micro-simulations illustrate a considerable increase in the share of population under the poverty line.

Keywords: Political; Economy (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/332960/files/9086.pdf (application/pdf)

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:ags:pugtwp:332960

Access Statistics for this paper

More papers in Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().