Journal article
Customs Unions and Comparative Advantage
Oxford economic papers, v 51(2), 239
01 Apr 1999
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Abstract
This paper constructs a simple, general equilibrium trade model to investigate how the formation of unconstrained, GATT-constrained, and Kemp-Wan customs unions affects inter-bloc tariffs and welfare. A central point of the paper is that the liberalization of intra-union trade creates incentives for all parties to reduce their remaining tariffs. Despite this, regional integration may not benefit non-member countries and, depending on trade patterns and comparative advantage, it may raise welfare of members more than a regime of globally free trade.
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Details
- Title
- Customs Unions and Comparative Advantage
- Creators
- Constantinos Syropoulos
- Publication Details
- Oxford economic papers, v 51(2), 239
- Publisher
- Oxford University Press
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:000079439400001
- Scopus ID
- 2-s2.0-0033033670
- Other Identifier
- 991021807003604721
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- Economics