1. The Impact of ACP/EU Economic Partnership Agreements on ECOWAS Countries: An Empirical Analysis of the Trade and Budget Effects Matthias Busse HWWA - Hamburg Institute of International Economics

5. Table 1: Population and Income, 2001

6. Table 2: Government Revenue Indicators, 2001

7. Table 3: Trade and Tariff Indicators, 2001

8. Fig. 1: Structure of ECOWAS Imports, 2001

9. Fig. 2: Structure of EU-ECOWAS Trade, 2001 EU Exports to ECOWAS (11.1 bill US$) EU Imports from ECOWAS (10.4 US$)

10. Fig. 3: ECOWAS Imports From the EU, 2001

18. Table 4: Assumed Values for the Elasticities, 4-digit Level Import Demand Elasticity Elasticity of Substitution Product Low Mid High Low Mid High scenario scenario Agriculture 0.4 0.7 1.0 1.0 2.0 3.0 Raw materials 0.6 0.9 1.2 2.0 3.5 6.0 Manufacturing 0.8 1.1 1.4 1.8 3.0 4.0 Table 5: Assumed Values for the Elasticities, Total Imports, Gambia Import Demand Elasticity Elasticity of Substitution Product Low Mid High Low Mid High scenario scenario Total Imports 0.5 0.7 0.9 1.3 2.0 2.5

20. 3. Empirical Results