| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1280 |
| DP1280 International Business Cycles and the Dynamics of the Current Account | |
| Antonio Fatas; Graham Elliott | |
| 发表日期 | 1995-11-30 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | This paper discusses the potential role of a Euro-Mediterranean Agreement (EMA) in helping Middle East and North African governments implement structural economic reforms. The arguments for and against preferential liberalization are summarized, identifying a number of necessary conditions for an EMA to benefit a Mediterranean country. The recently negotiated EMA between Tunisia and the EU is evaluated, using these conditions as criteria. Some doubts are expressed whether an EMA, by itself, will be enough to help countries in the region 'catch up'. Significant supporting and complementary actions are likely to be needed. Key issues in this connection are the regulatory regimes applying to inward foreign direct investment (FDI) and the service sector; a reduction in tariffs applied to the rest of the world; and the imposition of hard budget constraints on state-owned enterprises. These aspects are not subject to disciplines under the EMA. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Economic adjustment Restructuring Trade liberalization |
| URL | https://cepr.org/publications/dp1280 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530420 |
| 推荐引用方式 GB/T 7714 | Antonio Fatas,Graham Elliott. DP1280 International Business Cycles and the Dynamics of the Current Account. 1995. |
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