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Lebanon’s Accession to the WTO: An Ex Ante Macroeconomic Impact Assessment

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Theorizing International Trade

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Abstract

This chapter examines the dynamic general equilibrium model that has been used to work out macroeconomic assessment of Lebanon’s accession to the World Trade Organization (WTO). Taking into account the structure of the economy in general and the various interrelationships between economic agents, these models turn out to be the most appropriate tool to evaluate the potential impacts of trade liberalization policies at the macro level. The general equilibrium model is recursive dynamic in the sense that the economic interactions between agents and their behaviors are based on adaptive expectations. It is solved for one period at a time, separating the within-period component from the between-period component.

The international trade is an essential component of an integrated effort to end poverty, ensure food security and promote economic growth

Ban Ki-Moon, 2014

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Author information

Authors and Affiliations

  1. Lebanese University, Beirut, Lebanon

    Ghada Tabbah

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  1. Ghada Tabbah
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Editors and Affiliations

  1. Indian Institute of Technology Kanpur, Kanpur, India

    Somesh K. Mathur

  2. Consumer Unity & Trust Society (CUTS) International, Jaipur, India

    Rahul Arora

  3. Consumer Unity & Trust Society (CUTS) International, Jaipur, India

    Sarbjit Singh

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Tabbah, G. (2017). Lebanon’s Accession to the WTO: An Ex Ante Macroeconomic Impact Assessment. In: Mathur, S., Arora, R., Singh, S. (eds) Theorizing International Trade. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-10-1759-9_11

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  • DOI: https://doi.org/10.1007/978-981-10-1759-9_11

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  • Publisher Name: Palgrave Macmillan, Singapore

  • Print ISBN: 978-981-10-1758-2

  • Online ISBN: 978-981-10-1759-9

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