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

  • Ghada Tabbah


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.


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© The Author(s) 2017

Authors and Affiliations

  • Ghada Tabbah
    • 1
  1. 1.Lebanese UniversityBeirutLebanon

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