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% for the EU, by .5% for the United States, and by -.02% for the rest of the world relative to the status quo. However …
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rest of the world relative to the status quo. However, there is substantial heterogeneity across the 134 geographical …
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In this paper, we develop a political economy model to study the decision of representative democracies to join a preferential trading agreement (PTA), distinguishing between free trade areas (FTA) and customs unions (CU). Our theoretical analysis suggests that income inequality and bilateral...
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Preface -- 1 Introduction -- 2 The Theory of Trade Agreements and Economic Integration, Size of Economics, Trade Costs and Economic Welfare -- 3 An Empirical Analysis of the Size Characteristics of Economies -- 4 An Empirical Analysis of the Impact of Trade Costs on Trade Flows and Welfare:...
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