This study reassesses the macroeconomic and social impacts of Economic Partnership Agreements （EPAs） on Ivorian economy using Computable General Equilibrium （CGE） model with positive externalities of public invest...This study reassesses the macroeconomic and social impacts of Economic Partnership Agreements （EPAs） on Ivorian economy using Computable General Equilibrium （CGE） model with positive externalities of public investment in education, health, and economic infrastructure. Previous studies highlight negative effect of these agreements stressing particularly on losses in government revenues due to the removal of all tariffs on imports. This analysis aims to provide some insight into this question by refreshing the debate to show how this situation could be transformed into opportunities for Ivory Coast in order to promote growth and reduce poverty. To do so, this study postulates that government spending （investment） in economic infrastructure （roads, bridges, communication network, etc.）, in education and health sectors produces positive externalities in each industry. This assumption has not been set anymore in previous studies. Simulation results reveal that, despite this decline in government revenues, if it invests in economic infrastructure, health and education sector, EPAs will generate more revenue for government due to the rise in income tax on firms and households, and tax on overall production. Furthermore, household income will increase which will in turn stimulate （final） consumption. There won＇t also be a decline in economic growth.展开更多
Intra-regional trade dynamic can foster economic integration with a contribution of the lead economy. In that way, infrastructure and economic environment play an important role in expanding trade by reducing trade co...Intra-regional trade dynamic can foster economic integration with a contribution of the lead economy. In that way, infrastructure and economic environment play an important role in expanding trade by reducing trade costs. This paper examines the role of infrastructure and the economic environment on Ivory Coast intra-regional trade. The study performs a transformed and advanced gravity model, using panel data over the period 1996 to 2013, modelling exports of Ivory Coast. The analysis shows experts towards the other member states of West African Economic and Monetary Union （WAEMU） depend significantly on the availability of transport and communication infrastructures developed as well as variables such as Gross Domestic Product growth, economic similarity within countries, Foreign Direct Investment （FDI） net inflows in Ivory Coast. Estimations point out that indeed, the level of economic growth in the other member countries, Foreign Direct Investment （FDI） net inflows in Ivory Coast, the number of mobile phone subscribers per 100 inhabitants in Ivory Coast and the proportion of paved roads, have a positive impact on Ivory Coast intra-regional trade.展开更多
文摘This study reassesses the macroeconomic and social impacts of Economic Partnership Agreements （EPAs） on Ivorian economy using Computable General Equilibrium （CGE） model with positive externalities of public investment in education, health, and economic infrastructure. Previous studies highlight negative effect of these agreements stressing particularly on losses in government revenues due to the removal of all tariffs on imports. This analysis aims to provide some insight into this question by refreshing the debate to show how this situation could be transformed into opportunities for Ivory Coast in order to promote growth and reduce poverty. To do so, this study postulates that government spending （investment） in economic infrastructure （roads, bridges, communication network, etc.）, in education and health sectors produces positive externalities in each industry. This assumption has not been set anymore in previous studies. Simulation results reveal that, despite this decline in government revenues, if it invests in economic infrastructure, health and education sector, EPAs will generate more revenue for government due to the rise in income tax on firms and households, and tax on overall production. Furthermore, household income will increase which will in turn stimulate （final） consumption. There won＇t also be a decline in economic growth.
文摘Intra-regional trade dynamic can foster economic integration with a contribution of the lead economy. In that way, infrastructure and economic environment play an important role in expanding trade by reducing trade costs. This paper examines the role of infrastructure and the economic environment on Ivory Coast intra-regional trade. The study performs a transformed and advanced gravity model, using panel data over the period 1996 to 2013, modelling exports of Ivory Coast. The analysis shows experts towards the other member states of West African Economic and Monetary Union （WAEMU） depend significantly on the availability of transport and communication infrastructures developed as well as variables such as Gross Domestic Product growth, economic similarity within countries, Foreign Direct Investment （FDI） net inflows in Ivory Coast. Estimations point out that indeed, the level of economic growth in the other member countries, Foreign Direct Investment （FDI） net inflows in Ivory Coast, the number of mobile phone subscribers per 100 inhabitants in Ivory Coast and the proportion of paved roads, have a positive impact on Ivory Coast intra-regional trade.
