Levchenko, Andrei A.; Zhang, Jing - Research Seminar in International Economics, University …
This paper investigates the welfare gains from European trade integration, and the role of comparative advantage in … determining the magnitude of those gains. We use a multi-sector Ricardian model implemented on 79 countries, and compare welfare … countries, the mean welfare gain from trade integration with Eastern Europe is 0.16%, ranging from zero for Portugal to 0.4% for …