The EU-Jordan Free Trade Agreement

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The book delves into the economic impacts of the 2002 free-trade agreement between Jordan and the EU, part of the Euro-Mediterranean Partnership. It focuses on welfare and income distribution, assessing trade liberalization alongside necessary economic reforms to mitigate reduced government revenue from lower import duties. Utilizing a dynamic CGE model, it uniquely considers heterogeneous households with varying discount rates. The findings indicate that while overall welfare improves, income disparity among households rises, offering valuable theoretical insights and policy recommendations.