Journal article
Growth-creating trading blocs
The Canadian journal of economics, v 29(2), pp S371-S375
01 Apr 1996
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Abstract
The bulk of the theoretical work on international economic integration and trading blocs explores the welfare effects of discriminatory tariff cuts in static environments. Although useful in clarifying these effects and the channels through which they are transmitted, the existing literature does not remove the well-known welfare ambiguities, nor does it predict large changes in welfare. Yet there exists evidence that indicates that the dynamic effects of regional trade liberalization on welfare are not negligible. It is suggested that the dynamic integration on welfare can be substantially underestimated if the analysis does not include the possible impact on innovations and technological change. Some calculations are performed to quantify the effects of tariff cuts within trading blocs on growth and welfare. The analysis relies on a generalization of the neo-Schumpeterian model of growth and trade developed in Dinopoulos and Syropoulos (1994).
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Details
- Title
- Growth-creating trading blocs
- Creators
- Elias DinopoulosConstantinos Syropoulos
- Publication Details
- The Canadian journal of economics, v 29(2), pp S371-S375
- Publisher
- Blackwell Publishing Ltd
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:A1996UU04400004
- Scopus ID
- 2-s2.0-20544432063
- Other Identifier
- 991021807003004721
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- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Economics