 Dynamic Aspects of Euro-Meditessanean Agressments for the MENA EconomiesWorking Papers from Research Seminar in International Economics, University of Michigan Abstract: This paper addresses the variety of static and dynamic impacts that the Euro-Med Agreements (EMA) may have on the MENA economies. It first considers options for trade and domestic policy reforms, including the context in which policies are designed and implemented and the range of policy options spanning unilateral measures, multilateral measures, and preferential arrangements such as the EMAs. It then sets out the comparative static and dynamic-growth frameworks for analyzing the effects of alternative policies. This is followed by a review of ex ante assessments of existing and proposed EMAs using CGE modeling and qualitative analysis and the potential dynamic effects that EMAs may bring about. Because EMAs are limited in scope, there is no guarantee that the MENA economies will realize significant dynamic benefits. Nonetheless, if EMAs result in enhancing policy credibility, the MENA economies might well improve their dynamic-growth prospects by instituting effective unilateral domestic-policy reforms and aligning their foreign trade and investment policies more closely on a multilateral basis with the global trading community. Keywords: ECONOMIC INTEGRATION; FINANCIAL POLICY; INVESTMENTS (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:mie:wpaper:437 Access Statistics for this paper More papers in Working Papers from Research Seminar in International Economics, University of Michigan Contact information at EDIRC. |
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