The Effects of Foreign Trade Liberalisation and Financial Flows between Slovenia and the EU after Accession
Institute for Economic Research - Slovenia
University of Ljubljana - Faculty of Economics; Institute for Economic Research (IER) Slovenia
Institute for Economic Research (IER) Slovenia
December 23, 2004
Post-Communist Economies, Vol. 17, No. 2, 2005
EconWPA Paper in International Trade, No. 0501011, 2005
The new version of the CGE model of the Slovenian economy, based on the 1998 SAM, was used for simulations of the consequences of further foreign trade liberalization after 1998 as the outcome of the finished processes of implementation of Free Trade Agreements and the European Agreement, adaptation of the Customs Tariff to the EU Common External Tariff for the manufacturing products, adoption of the EU Common External Tariff after the accession of Slovenia to the EU as well as the estimated transfers between both budgets. Results obtained show a positive net outcome of the Slovenian accession to the EU in the long run. On the other hand, rational behaviour of the government will certainly moderate possible short run negative effects and improve favourable long run effects.
Number of Pages in PDF File: 22
Keywords: Computable General Equilibrium Model, EU Accession, Financial Flows, Trade Liberalization, Transition Country, Regionalism
JEL Classification: D58, F15, F43, E2Accepted Paper Series
Date posted: September 28, 2010 ; Last revised: September 30, 2010
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