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How Close is Asia to Already Being a Trade Bloc?
Li, Chunding - 2014
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/10013048052
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Big-Think Regionalism : A Critical Survey
Baldwin, Richard - 2008
Small Think Regionalism focused on the Vinerian question: quot;Would a nation gain from joining a trade bloc?quot; Big Think Regionalism considers regionalism's systemic impact on the world trading system, focusing mainly on two questions: quot;Does spreading regionalism harm world welfare?quot;...
Persistent link: https://www.econbiz.de/10012771715
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Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and Efta
Bayoumi, Tamim; Eichengreen, Barry - 2021
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/10013224188
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Open Regionalism in a World of Continental Trade Blocs
Wei, Shang-Jin; Frankel, Jeffrey A. - 2021
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/10013225933
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Economic Integration and Convergence : U.S. Regions, 1840-1987
Kim, Sukkoo - 2021
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/10013231563
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Large Countries, Small Countries, and the Enlargement of Trade Blocs
Casella, Alessandra - 2021
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/10013214599
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Trade Blocs, Currency Blocs and the Disintegration of World Trade in the 1930s
Eichengreen, Barry; Irwin, Douglas A. - 2021
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/10013245718
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North American Economic Integration and Industry Location
Hanson, Gordon H. - 2022
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/10014158141
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Numerical General Equilibrium Analysis of China's Impacts from Possible Mega Trade Deals
Li, Chunding - 2014
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/10013048108
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Trade Blocs and Trade Wars During the Interwar Period
Jacks, David S. - 2019
What precisely were the causes and consequences of the trade wars in the 1930s? Were there perhaps deeper forces at work in reorienting global trade prior to the outbreak of World War II? And what lessons may this particular historical episode provide for the present day? To answer these...
Persistent link: https://www.econbiz.de/10012870722