ANALYSIS OF THE IMPACT OF THE CETA TRADE AGREEMENT BETWEEN THE EU AND CANADA ON THE SLOVAK ECONOMY

• Authors: Dovaľová Gabriela , Hošoff Boris , Kališ Richard , Lábaj Martin , Stracová Erika
• Languages of publication: EN

Abstracts

EN

This paper is focused on the impact arising from the conclusion of the Comprehensive Economic and Trade Agreement (CETA) between the European Union and Canada on the Slovak economy, with an emphasis on the automotive industry, machinery industry and electronics industry. Its aim is to estimate the direct as well as indirect effects generated by changes in international trade on Slovakia’s value added, exports and employment, using the multi-regional input-output model. Based on different variants of development, it is expected that the average impact of CETA on the Slovak economy, as a result of the removal of the tariff barriers, will amount to 0.013% GDP, while the impact on job creation was estimated at 0.012% of the total employment. Removing the tariff barriers should lead to an increase in exports to Canada on average by 8%, in the event of a strong reaction to a price drop even by 18%.

Keywords

EN

CETA; SLOVAKIA; CANADA; INTERNATIONAL TRADE; EUROPEAN UNION; SLOVAK ECONOMY

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2018
• Volume: 66
• Issue: 8
• Pages: 771 – 797

Contributors

author

Dovaľová Gabriela

• Institute of Economic Research SAS, Šancová 56, 811 05 Bratislava 1, Slovak Republic

author

Hošoff Boris

author

Kališ Richard

author

Lábaj Martin

author

Stracová Erika