Trade Liberalization in Arab Maghreb Union Countries
Roman Raab () and
MPRA Paper from University Library of Munich, Germany
This paper explores the impact of trade liberalisation on the economies of the Arab Maghreb Union (AMU). We investigate the time period from 1995 to 2009 in terms of export growth, import growth, the balance of trade, and the balance of payments. Our empirical evidence shows that trade liberalisation did not enhance export growth in AMU countries during the given period. In contrast, it had a significant positive impact on import growth. Moreover, trade liberalisation worsened the balance of trade and the balance of payments. Governance indicators turn out to be important covariates in order to achieve the intended effects of trade liberalization.
Keywords: Trade Policy-International Trade Organizations; Empirical Studies of Trade; Economic Integration; Structure, Scope, and Performance of Government. (search for similar items in EconPapers)
JEL-codes: F13 F14 F15 H11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ara, nep-int and nep-pr~
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:71123
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