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- Title
Is the End of the MFA a Threat?
- Authors
Marouani, Mohamed Ali
- Abstract
The end of the Multifiber Agreement in January, 2005 had a negative impact on the apparel industry of regional exporters, but the effects were weaker than expected. Using a dynamic general equilibrium model, the article provides a prospective assessment of the impact on Tunisia of the phase out of the MFA, and of the agreement which manages the rate of growth of Chinese clothing exports to Europe, until the end of 2007. The main findings are an increase in unemployment and wage inequality but no significant effects on the main macroeconomic variables, if the exchange rate management takes into account this shock.
- Subjects
TUNISIA; CONTRACTS; CLOTHING industry; EXPORT laws; EFFECT of international trade on wages; EFFECT of wages on unemployment; MACROECONOMICS; FOREIGN exchange rates; QUANTITATIVE research
- Publication
Review of Development Economics, 2009, Vol 13, Issue 1, p99
- ISSN
1363-6669
- Publication type
Article
- DOI
10.1111/j.1467-9361.2008.00465.x