Assessing the Impact of Trade Liberalization: The Case of Jordan

31 Pages Posted: 12 Jan 2011

See all articles by Matthias Busse

Matthias Busse

Ruhr-University Bochum

Steffen Groening

Hamburg Institute of International Economics (HWWI)

Date Written: January 11, 2011

Abstract

The paper assesses the impact of Jordan’s substantial trade liberalisation over the last two decades. Using a gravity model, a large country sample and a long time-series, we estimate the effects of various Free Trade Agreements (FTAs) and the WTO accession on both Jordan’s exports and imports. Overall, we find that the impact has been rather small, as no statistically significant impact on exports and imports can be found due to multilateral or preferential trade liberalisation. However, there are three exceptions: The FTA with the United States of America has boosted Jordan’s exports, whereas both the FTA with other Arab countries (GAFTA) and the WTO accession have led to an increase in imports.

Keywords: Jordan, Trade Liberalisation, Free Trade Agreements, WTO Accession

JEL Classification: F13, F14

Suggested Citation

Busse, Matthias and Groening, Steffen, Assessing the Impact of Trade Liberalization: The Case of Jordan (January 11, 2011). Available at SSRN: https://ssrn.com/abstract=1738210 or http://dx.doi.org/10.2139/ssrn.1738210

Matthias Busse (Contact Author)

Ruhr-University Bochum ( email )

Faculty of Management and Economics, GC 3/145
D-44780 Bochum, DE 44780
Germany

Steffen Groening

Hamburg Institute of International Economics (HWWI) ( email )

Heimhuder Strasse 71
Hamburg, DE Hamburg 20148
Germany

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