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This paper has two unique features: it deals with withdrawal from a customs union, which is a neglected aspect of international economic integration, and does so within a macroeconomic framework rather than standard general-partial equilibrium analysis. Withdrawal was in the British Labour...
Persistent link: https://www.econbiz.de/10009391430
The paper is confined to addressing the question of whether a relationship exists between ‘economic rights’ and ‘regional integration’; confined because the title has several manifestations and interpretations. I categorically assert that there is not: regional integration is governed by...
Persistent link: https://www.econbiz.de/10009415592
In 1965, Cooper and Massell (CM), using a partial-equilibrium trade model, reached the conclusion that a policy of unilateral tariff reduction (UTR) is superior to the formation of a customs union (CU). Wonnacott and Wonnacott (WW) challenged this conclusion in 1981 by claiming to show that UTR...
Persistent link: https://www.econbiz.de/10010840816