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potential full Asia integration in the form of a trade bloc. Our results reveal that these large Asia economies can be close to … full integration if they act timely in agreements through negotiation. All Asia countries will gain from Asia trade bloc …FTA bilateral and regional negotiations in Asia have developed quickly in the past decade moving Asia ever closer to an …
Persistent link: https://www.econbiz.de/10012458243
Does regional economic integration affect the location of economic activity inside countries? In this paper, I discuss … integration on industry location in Canada and the United States seem to have been much weaker. On exception to this finding is U …
Persistent link: https://www.econbiz.de/10012472223
Despite the recent inroads made by models of interregional trade based on external" economies, the analysis of the long-run trends in U.S. regional specialization in agriculture manufacturing, wholesale trade, retail trade, services, and all economic activities indicate that" these trends are...
Persistent link: https://www.econbiz.de/10012472480
Are there systematic forces such that countries of different sizes participating in a free trade bloc gain differently from the entry of new members? If economies of scale imply that firms located in large countries enjoy lower costs, then the gains from enlarging the bloc will fall...
Persistent link: https://www.econbiz.de/10012473504
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...
Persistent link: https://www.econbiz.de/10012473587
Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering their trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries....
Persistent link: https://www.econbiz.de/10012473603
The dramatic implosion and regionalization of international trade during the 1930s has often been blamed on the trade and foreign exchange policies that emerged in the interwar period. We provide new evidence on the impact of trade and currency blocs on trade flows from 1928 1938 that suggests a...
Persistent link: https://www.econbiz.de/10012474505
Small Think Regionalism focused on the Vinerian question: "Would a nation gain from joining a trade bloc?" Big Think Regionalism considers regionalism's systemic impact on the world trading system, focusing mainly on two questions: "Does spreading regionalism harm world welfare?" and "Does...
Persistent link: https://www.econbiz.de/10012464590
Persistent link: https://www.econbiz.de/10013420816
This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These include the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP), and various blocked deals. We use a numerical 13-country global general...
Persistent link: https://www.econbiz.de/10012458242