On the Effects of Trade Policy Reform: The Case of Jordan

Ole Risager

No 95-16, EPRU Working Paper Series from Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics

Abstract: Until 1989 the economic policy strategy of Jordan was inward looking with emphasis on import substitution facilitated by a high tariff wall. Since then, the strategy has been changed in the direction of a more outward looking strategy characterized by attempts to stimulate exports, by cuts in import tariffs and removal of several import quotas, and by reductions in the fiscal deficit. The purpose of this paper is to analyse how a further liberalization of the trade regime will affect the economy in a medium term perspective. The main focus is on the development of key macro variables like production, employment, the balance of payments and the government budget following a reduction in import tariffs. Throughout the paper it is assumed that the tariff liberalization is permanent and fully credible. If the policy lacks credibility, the effects may be quite different, see Wijnbergen (1992) and Calvo and Mendoza (1994).

References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:kud:epruwp:95-16

Access Statistics for this paper

More papers in EPRU Working Paper Series from Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics �ster Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Hoffmann ().