. We argue that this is partly due to the growth of trade between countries that are increasingly dissimilar. We develop a … theoretical framework to study the effects on trade, income distribution and welfare of economic unions that differ in size and …

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 …

Are there systematic forces such that countries of different sizes participating in a free trade bloc gain differently … prediction is clear, but the empirical analysis of trade flows towards Spain and Portugal after their 1986 entry into the …

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 of the EC in the 1960s …

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. That may not be politically feasible. On the other hand, in a world of …

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 blanket indictment of interwar trade policies and payments …