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Thursday, 18 February 2016

EU – West Africa EPA: Small impact and new questions

This article evaluates the economic effects of the West Africa Economic Partnership Agreement (EPA) in terms of trade, welfare, production, government revenue, and poverty. The study is based on a dynamic multicountry, multisector computable general equilibrium model (MIRAGRODEP), which includes the final details of the agreement and cutting-edge specifications to tackle important features of the reform: the existence of informal sectors in African economies, the importance of tariff revenues in total public revenues, and the implementation of a development program. A microsimulation completes the model and allows us to study the reform’s poverty impact.

Source: IFPRI

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