Advertisement

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

  • Ghada Tabbah
Chapter

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.

References

  1. Balassa, B. (1985). Exports, policy choices, and economic growth in developing countries after the 1973 oil shock. Journal of Development Economics, 18, 23–35.CrossRefGoogle Scholar
  2. Balding, C. (2010). Joining the World Trade Organization: What is the impact? Review of International Economics, 18(1), 193–206.CrossRefGoogle Scholar
  3. Bhagwati, J., & Srinivasan, T. (2002). Trade and poverty in poor countries. The American Economic Review, 92(2), 180–183.Google Scholar
  4. Cling, J. P. (2006). Commerce, croissance, pauvreté et inégalités dans les PED: une revue de littérature. Développement Institutions et Analyses de Long terme, DIAL. Document de travail DT 2006–07.Google Scholar
  5. Cling, J. P., Razafindrakoto, M., & Roubaud, F. (2009). Vietnam’s WTO accession and export-led growth. International Economics, 118, 5–12.Google Scholar
  6. Corm, G. (2012). Le Liban contemporain: Histoire et Société. Paris: La découverte.Google Scholar
  7. Dagher, A. (2005). Quelle politique industrielle pour le Liban? Une approche différente du rôle de l’Etat dans l’économie. Beirut, Lebanon: LCPS.Google Scholar
  8. Dollar, D., & Kray, A. (2001). Growth is good for the poor. Policy research working paper no. 2587, World Bank.Google Scholar
  9. Edwards, S. (1991). Trade orientation, distortions and growth in developing countries. NBER working paper no. 3716, National Bureau of Economic Research.Google Scholar
  10. Feder, G. (1983). On exports and economic growth. Journal of Development Economics, 12(1–2), 59–73.CrossRefGoogle Scholar
  11. Gowa, J., & Kim, S. Y. (2005). An exclusive country club: The effects of the GATT on trade, 1950–94. World Politics, 57(4), 453–478.CrossRefGoogle Scholar
  12. Hoekman, B., & Mavroidis, P. (2002). Economic development, competition policy, and the World Trade Organization. Policy research working paper no. 2917, World Bank.Google Scholar
  13. IMF. (2013). World economic outlook. IMF Database. https://www.imf.org/external/pubs/ft/weo/2013/02/weodata/index.aspx
  14. IMF. (2014). Lebanon. IMF country report no. 14/237, International Monetary Fund.Google Scholar
  15. Lautier, M. (2013). Le développement des échanges internationaux de services de santé: Perspectives des exportations en Afrique du Nord. ADBF. Note Economique, African Development Bank Group.Google Scholar
  16. Mage-Bertomeu, S. (2006). Les modèles d’équilibre général appliqué à la politique commerciale: développements récents. Revue d’économiepolitique, 116, 357–381.Google Scholar
  17. Michaely, M. (1977). Exports and growth. Journal of Development Economics, 4, 49–53.CrossRefGoogle Scholar
  18. Punt, C. (2004). The organisation of trade data for inclusion in social accounting matrix. Technical paper series no. 2, Provide Project.Google Scholar
  19. Rodriguez, F., & Rodrik, D. (2001). Trade policy and economic growth: A Skeptic’s guide to the cross-national evidence. In B. Bernanke & K. Rogoff (Eds.), NBER macroeconomics annual 2000. Cambridge: MIT Press.Google Scholar
  20. Rodrik, D. (2001). Trading in illusions. Foreign Policy, 123, 54–62.CrossRefGoogle Scholar
  21. Rodrik, D. (2006). Goodbye Washington consensus, hello Washington confusion? A review of the world banks economic growth in the 1990s: Learning from a decade of reform. Journal of Economic Literature, 44(4), 973–987.CrossRefGoogle Scholar
  22. Rose, A. (2004). Do we really know that the WTO increases trade? The American Economic Review, 94(1), 98–114.CrossRefGoogle Scholar
  23. Round, J. (1981, March). Income distribution within a social accounting matrix: A review of some experience in Malaysia and other LDCs. Discussion paper no. 3, Development Economics Research Centre, University of Warwick.Google Scholar
  24. Round, J. (2003). Constructing SAMs for development policy analysis: Lessons learned and challenges ahead. Economic Systems Research, 15(2), 161–183.CrossRefGoogle Scholar
  25. Shehadi, N., & Mills, D. H. (1988). Lebanon: A history of conflict. Lebanon: The Center for Lebanese Studies.Google Scholar
  26. Stiglitz, J. (1998). Towards a new paradigm for development: Strategies, policies, and processes. Geneva: Prebisch Lecture at UNCTAD.Google Scholar
  27. Subramanian, A., & Wei, S.-J. (2006). The WTO promotes trade, strongly but unevenly. Journal of International Economics, 72(1), 151–175.CrossRefGoogle Scholar
  28. Syrquin, M. & Chenery, H. B. (1989). Patterns of development, 1950 to 1983. World Bank discussion paper no. 41.Google Scholar
  29. Thurlow, J. (2008). A recursive dynamic CGE model and microsimulation poverty module for South Africa. Washington, D.C.: International Food Policy Research Institute.Google Scholar
  30. Thurlow, J., & Seventer, V. D. (2002). A standard computable general equilibrium model for South Africa. Trade and macroeconomics discussion paper no. 100, International Food Policy Research Institute, Washington, DC.Google Scholar
  31. Tomz, M., Goldtsein, R., & Rivers, D. (2007). Do we really know that the WTO increases trade? Comment. The American Economic Review, 97(5), 2005–2018.CrossRefGoogle Scholar
  32. Williamson, J. (1990). Latin American adjustment: How much has happened? Washington, DC: Institute for International Economics.Google Scholar
  33. World Bank. (1987). Rapport sur le développement dans le monde 1987. Washington, DC: Oxford University Press pour la Banque Mondiale.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Ghada Tabbah
    • 1
  1. 1.Lebanese UniversityBeirutLebanon

Personalised recommendations