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Free Trade Agreements versus Customs Unions
Krueger, Anne O. - 1995
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/10012473803
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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 "border...
Persistent link: https://www.econbiz.de/10012466534
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How Often Are Propositions on the Effects of Customs Unions Theoretical Curiosa and When Should They Guide Policy?
Abrego, Lisandro - 2001
unambiguously hold. Our aim is to blend theory and numerical simulation and go beyond the ambiguous analytically derived …
Persistent link: https://www.econbiz.de/10012470420
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Multilateral Tariff Cooperation during the Formation of Customs Unions
Bagwell, Kyle - 1993
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/10012474399
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A New Metric for Banking Integration in Europe
Gropp, Reint - 2009
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/10012463912
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Patent Rights, Product Market Reforms, and Innovation
Aghion, Philippe - 2013
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/10012459807
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Firm Behavior and Market Access in a Free Trade Area with Rules of Origin
Ju, Jiandong - 1998
We develop a model to study the behavior of firms in a Free Trade Area with Rules of Origin and the consequences of this behavior on the market equilibrium and outcome. We show that firms will choose to specialize, and that an FTA with strict ROOs on the intermediate good raises imports and...
Persistent link: https://www.econbiz.de/10012471955
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Liberalization and Incentives for Labor Migration : Theory with Applications to NAFTA
Markusen, James R. - 1997
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/10012472579
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Evaluating Trade Reform Using Ex-Post Criteria
Ju, Jiandong - 1997
In contrast to existing work which takes an ex-ante approach and looks for policy prescriptions which yield welfare improvements, we take an ex-post approach. We ask whether there are indicators which show whether welfare has risen or not in the wake of a reform. That is, we look for evidence of...
Persistent link: https://www.econbiz.de/10012472662
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Free Trade, Growth, and Convergence
Ben-David, Dan - 1997
What is the impact on output of movement towards free trade? Can trade liberalization have a permanent effect on output levels, and more importantly, does it have an impact on steady-state growth rates? The model developed here emphasizes the role" that knowledge spillovers emanating from...
Persistent link: https://www.econbiz.de/10012472719