The EU's Everything But Arms Initiative and the Least-developed Countries

Lucian Cernat, Sam Laird, Luca Monge-Roffarello and Alessandro Turrini

No DP2003-47, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Using a computable general equilibrium simulation model and partial equilibrium simulations, based on the SMART model, the paper attempts to assess the aggregate worldwide distribution of gains and losses of the EU's Everything But Arms (EBA) initiative for both LDCs and third developing countries under different scenarios. The study shows moderate welfare and trade gains from the EBA initiative. The largest gains are recorded for sub-Saharan Africa and the EU sugar market is the single most important source of change.

Keywords: Mathematical models (Equilibrium (Economics)); International trade; Supply and demand; Trade regulation (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (11)

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