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The number of preferential trade agreements has greatly increased over the past two decades, yet most existing bilateral arrangements take the form of free trade areas, and less than ten percent can be considered to be fully fledged customs unions. This paper develops a political economy model...
Persistent link: https://www.econbiz.de/10012755036
the silent success story of regional integration. Throughout the world, CUs have been superseding earlier FTAs, as new …
Persistent link: https://www.econbiz.de/10012986938
of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance …. This trade integration measure is consistent with a broad range of recent trade models including the Anderson and van … such as Technical Barriers to Trade. Trade integration is generally lower for countries that opted out of the Euro or did …
Persistent link: https://www.econbiz.de/10012753160
If a free trade agreement (FTA) is characterized by the exchange of market access with a large and competitive trading partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external tariff cuts. This rent destruction effect of an FTA can...
Persistent link: https://www.econbiz.de/10013098332
What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but …
Persistent link: https://www.econbiz.de/10013117359
granting a tax allowance in excess of the true costs of capital. Economic integration reduces the optimal capital subsidy and …
Persistent link: https://www.econbiz.de/10013120658
integration benchmark which consists of the steady state production equilibrium characterized by free trade and perfect factor … economic integration in 2009 are remarkably close across regions. For example, we calculate that economic integration in the …
Persistent link: https://www.econbiz.de/10013015347
of their empirical relevance generated by international economic, monetary, and financial integration …
Persistent link: https://www.econbiz.de/10012994277
size of the union enlargement leads to deeper integration, whereas beyond that size further enlargement implies less …
Persistent link: https://www.econbiz.de/10012754994
trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration … of economic integration agreements (EIAs) on members’ trade may be biased upward owing to inadequate control for …
Persistent link: https://www.econbiz.de/10013315671