The Barcelona initiative and the importance of NTBs: a dynamic CGE-analysis for Syria

Abstract

Euro-Mediterranean partnership, Barcelona initiative, Syria, Non-Tariff-Barriers (NTBs), Dynamic CGE, E32, O11,

Estimates of trade-related adjustment costs in Syria

“…However, while their model considers important policy exercises-such as the full dismantling of tariffs and quantitative restrictions, and a removal of foreign exchange restrictions-some of these policy proposals have already come to pass (notably the unification of the parallel exchange rate regime), and their study is focused on the costs of nontariff, rather than explicit tariff, barriers. Gaitán & Lucke (2007) conduct policy experiments along similar lines using a dynamic CGE model, with a stronger focus on PTAs. Unlike this paper, their analysis is focused on examining changes in macroeconomic aggregates as well as output at the sectoral level, rather than fiscal considerations.…”