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Free Trade Agreements Versus Customs Unions
Krueger, Anne O. - 2021
Until NAFTA, analyses of preferential trading arrangements began by assuming a customs union with a common external tariff, and the differences between customs unions and free trade agreements (FTAs) have been little analyzed. This paper points to some of the differences between FTAs and customs...
Persistent link: https://www.econbiz.de/10013226925
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The Impact of Federation on Australia's Trade Flows
Irwin, Douglas A. - 2006
In 1901, six Australian states joined together in political and economic union, creating an internal free trade area and adopting a common external tariff. This paper investigates the impact of federation on Australia's internal and international trade flows by studying changes in the...
Persistent link: https://www.econbiz.de/10012780325
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Multilateral Tariff Cooperation During the Formation of Customs Unions
Bagwell, Kyle; Staiger, Robert W. - 2021
We study the implications of customs union formation for multilateral tariff cooperation. We model cooperation in multilateral trade policy as self-enforcing, in that it involves balancing the current gains from deviating unilaterally from an agreed-upon trade policy against the future losses...
Persistent link: https://www.econbiz.de/10013225574
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How Often are Propositions on the Effects of Customs Unions Theoretical Curiosa and When Should They Guide Policy?
Abrego, Lisandro; Riezman, Raymond G.; Whalley, John - 2021
unambiguously hold. Our aim is to blend theory and numerical simulation and go beyond the ambiguous analytically derived …
Persistent link: https://www.econbiz.de/10013240943
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Patent Rights, Product Market Reforms, and Innovation
Aghion, Philippe - 2014
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing product market competition interact with the strength of...
Persistent link: https://www.econbiz.de/10013064451
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A New Metric for Banking Integration in Europe
Gropp, Reint - 2010
the introduction of the common currency in the euro area, there is little evidence that a similar integration process is … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …
Persistent link: https://www.econbiz.de/10012757853
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Free Trade Agreements as Protectionist Devices : Rules of Origin
Krueger, Anne O. - 2011
In this paper it is argued that there is an important protectionist bias inherent in free trade agreements which is not present in custom unions. In any customs union or free trade agreement, one of the critical issues concerns "rules of origin." In a free trade agreement rules of origin have an...
Persistent link: https://www.econbiz.de/10013124656
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The New Regionalism : Trade Liberalization or Insurance?
Perroni, Carlo - 2010
Several of the recently negotiated regional trade agreements (Canada-U.S., NAFTA, E.C.-Hungary/Poland/Czeck and Slovak Republics) contain significantly fewer concessions by the large countries to smaller countries than vice versa. Yet, it is small countries that have sought them and see...
Persistent link: https://www.econbiz.de/10012763469
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How Confident Can We Be in Cge-Based Assessments of Free Trade Agreements?
Hertel, Thomas W.; Hummels, David L.; Ivanic, Maros; … - 2021
Computable General Equilibrium models, widely used for the analysis of Free Trade Agreements (FTAs) are often criticized for having poor econometric foundations. This paper improves the linkage between econometric estimates of key parameters and their usage in CGE analysis in order to better...
Persistent link: https://www.econbiz.de/10013215720
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Liberalization and Incentives for Labor Migration : Theory with Applications to NAFTA
Markusen, James R.; Zahniser, Stephen - 2021
One of the motivations for NAFTA from the US point of view was to reduce the" incentives for Mexican migration into the US. Unskilled rural males are a primary source of" illegal immigration and also Mexico's relatively abundant factor. This group should therefore" be made better off by trade...
Persistent link: https://www.econbiz.de/10013219696