Download or read book The welfare effects of trade diverting customs unions some missing elements written by Ronald J. Wonnacott and published by London, Ont. : Department of Economics, University of Western Ontario. This book was released on 1974 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Welfare Effects of Trade diverting Customs Unions written by Ronald J. Wonnacott and published by . This book was released on 1975 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Welfare and Customs Unions written by Carsten Kowalczyk and published by . This book was released on 1990 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes that Viner's celebrated trade diversion and trade creation terminology for the customs union problem be abandoned. As the alternative is offered a welfare calculus based upon the terms-of-trade and volume-of-trade taxonomy from the theory of tariffs. The paper discusses, by application of this calculus, the two outstanding controversies in the theory of customs unions.

Download or read book Transport Costs and the Welfare Effect of Customs Union written by Deng-Shing Huang and published by . This book was released on 1996 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Free Trade Areas and Rules of Origin written by Mr.Arvind Panagariya and published by International Monetary Fund. This book was released on 2003-11-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Incorporating intermediate inputs into a small-union general-equilibrium model, this paper first develops the welfare economics of preferential trading under the rules of origin (ROO) and then demonstrates that the ROO could improve the political viability of Free Trade Agreements (FTAs). Two interesting outcomes are derived. First, a welfare reducing FTA that was rejected in the absence of the ROO becomes feasible in the presence of these rules. Second, a welfare improving FTA that was rejected in the absence of the ROO is endorsed in their presence, but upon endorsement it becomes welfare inferior relative to the status quo.

Download or read book The Welfare Effects of Customs Union Accession written by Glenn W. Harrison and published by London, Ont. : Department of Economics, University of Western Ontario. This book was released on 1988 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economics of Customs Unions in the Commonwealth of Independent States written by Constantine Michalopoulos and published by . This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trade Creation and Trade Diversion written by Ann Bartholomew and published by . This book was released on 2002 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Theory of Customs Unions written by A. M. El-Agraa and published by Philip Allan. This book was released on 1981 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Welfare Effects of Customs Union Formation written by Susan M. Warrenfeltz and published by . This book was released on 1987 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Welfare Effects of Preferential Trade Agreements in the Presence of Foreign Direct Investment written by Eungsuk Kim and published by . This book was released on 1999 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Free Trade Agreements Versus Customs Unions written by Anne O. Krueger and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until NAFTA, analyses of preferential trading arrangements began by assuming a customs union with a common external tariff, and the differences between customs unions and free trade agreements (FTAs) have been little analyzed. This paper points to some of the differences between FTAs and customs unions, and shows that on welfare grounds a customs union is always Pareto-superior to an FTA. Moreover, the political economy of FTAs will lead to more opposition to further multilateral trade liberalization than will customs unions.

Download or read book Why should a country join a customs union written by Daniel Burchardt and published by GRIN Verlag. This book was released on 2009-03-13 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2008 in the subject Law - European and International Law, Intellectual Properties, grade: A, University of Edinburgh, course: Introduction to the European Union, language: English, abstract: In my essay, I deal with the issue: “Why should a country join a customs union?” Regarding to this question, I try to figure out a couple of facts which might encounter countries to join a customs union. After a brief statement of the economics in the international context I’ll consider the advantages and disadvantages of joining a customs union, compare the advantages and disadvantages and finally give a brief statement. For supporting my conclusions I’ll refer to the development in the EC.

Download or read book A methodological note on customs unions welfare effects written by S. K. Chand and published by . This book was released on 1968 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Theory of Economic Integration Routledge Revivals written by Bela Balassa and published by Routledge. This book was released on 2013-05-13 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1962, The Theory of Economic Integration provides an excellent exposition of a complex and far-reaching topic. Professor Balassa has been remarkably successful in covering so much ground with such care and balance, in a treatment which is neither in any way abstruse nor unnecessarily technical. His book will interest economists in Europe by reason of its subject and treatment, but it is also a valuable and reliable textbook for students tackling integration as part of a course of International Economics and for those studying Public Finance. He distinguishes between the various forms of integration (free trade area, customs union, common market, economics union, and total integration). In addition, he applies the theoretical principles to current projects such as the European Common Market and Free Trade Area, and to Latin American integration projects. In offering this theoretical study, the author builds on the conclusions of other writers, but goes beyond this in providing a unifying framework for previous contributions and in exploring questions that in the past received little attention – in particular, the relationship between economic integration and growth (especially the interrelationship between market size and growth, and the implications of various factors for economic growth in an integrated area).

Download or read book Three Essays on the Economics of Preferential Trade Agreements written by Renfeng Xiao and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: There have been considerable discussions about why countries have interests in forming preferential trade agreements (PTAs), which typically take the forms of a "free trade area" (FTA) with Rules of Origin (ROO) and a "customs union" (CU) (World Bank, 2005). This dissertation contains three essays with three different models of trade under oligopoly to analyze various issues on preferential trade agreements. The first essay examines welfare implications of forming preferential trade arrangement (PTAs) between two asymmetric countries that differ in their market sizes. Key findings are as follows. First, when market size asymmetry between two countries is not too large and ROO requirements are not too restrictive, the formation of an FTA with effective ROO can be welfare-improving to both members. Second, the formation of a PTA is more likely to emerge between countries of similar in their market sizes, ceteris paribus. Third, compared to the pre-PTA equilibrium, there are greater reductions in external tariffs under an FTA than under a CU such that a non-member country is relatively better off under the FTA. The second essay presents a three country model of trade under Bertrand price competition to analyze differences in welfare implications between an FTA with ROO and a customs union (CU). It is shown that the maximum limit of ROO requirements over which there are welfare gains from trade for FTA members depends crucially on the degree of substitutability of final goods (or the intensity of product market competition). It is also found that member countries and their final-good exporters are better off in a CU than in an FTA. There are greater reductions in external tariffs under an FTA than under a CU such that a non-member country is relatively better off under the FTA. The third essay presents a three country model of FTA with Cournot quantity competition and derives the maximum enforceable level of ROO over which there are welfare gains from trade to each member country. It is shown that ROO and external tariffs are strategic complements such that the higher is the regional input restrictions, the higher is the external tariff necessary to induce firms to fully comply with ROO requirements. It is also shown that an FTA with effective ROO has a positive effect on the final-good trade. But the trade-diverting effect does not occur in the final-good sector.

Download or read book International Trade in East Asia written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-11-01 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: The practice of trading across international borders has undergone a series of changes with great consequences for the world trading community, the result of new trade agreements, a number of financial crises, the emergence of the World Trade Organization, and countless other less obvious developments. In International Trade in East Asia, a group of esteemed contributors provides a summary of empirical factors of international trade specifically as they pertain to East Asian countries such as China, Japan, Korea, and Taiwan. Comprised of twelve fascinating studies, International Trade in East Asia highlights many of the trading practices between countries within the region as well as outside of it. The contributors bring into focus some of the region's endemic and external barriers to international trade and discuss strategies for improving productivity and fostering trade relationships. Studies on some of the factors that drive exports, the influence of research and development, the effects of foreign investment, and the ramifications of different types of protectionism will particularly resonate with the financial and economic communities who are trying to keep pace with this dramatically altered landscape.