Series: IMF Working Papers
Author(s): Selim Elekdag , Saade Chami , and Ivan Tchakarov
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2004
Keywords: IMF&;amp;#x2019;s Global Economy Model (GEM), economic integration, intermediate goods, elasticity of substitution, International Economic Order, Open Economy Macroeconomics, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,
This paper uses a variant of the IMF's Global Economy Model (GEM) to estimate the macroeconomic effects of Yemen's full accession into the Gulf Cooperation Council (GCC). After calibrating the model to Yemen and th...