Jordan Economy and the EU Association Agreement. JMWP No. 46.02, November 2002

Khlaf, Al-Omari Bilal (2002) Jordan Economy and the EU Association Agreement. JMWP No. 46.02, November 2002. [Working Paper]

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Abstract

This paper aims at determining the most important variables that could affect Jordan’s- EU trade, and to specify the impact of Jordan-EU Association Agreement on Jordan Economy. We have modified the Gravity equation to suite with Jordan case. We suppose that, in the short run, the effect of integration on Jordan’s economy could be negative, since the integration will create trade diversion; while in the long run it could be positive due to trade creation. We also suppose that these variables have vital effects on Jordan’s exports-imports with the EU countries. However, the regression will illustrate that by single country for each of total exports-imports, and by item products such as; Agricultures, Chemicals, Manufactures, Machinery and Other.

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