Is Regionalism Simply a Diversion? Evidence From the Evolution of the EC and EFTA

This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably that of the EC in the 1960s.

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Year of publication:	1995-10
Authors:	Bayoumi, Tamim A ; Eichengreen, Barry
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	ITI published as Regionalism Versus Multilateral Trade Arrangements, Ito, Takatoshi and Anne Kruger, eds., Chicago: University of Chicago Press, 1998. Number 5283
Classification:	F0 - International Economics. General ; F1 - Trade
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005828641