The Welfare Implications of Continental Trading Blocs in a Model with Transport Costs
Author : Ernesto Stein
Publisher :
Page : 60 pages
File Size : 27,22 MB
Release : 1994
Category : Trade blocs
ISBN :
Regional Trading Blocs in the World Economic System
Author : Jeffrey A. Frankel
Publisher : Peterson Institute
Page : 392 pages
File Size : 49,25 MB
Release : 1997
Category : Business & Economics
ISBN : 9780881322026
Book Description
Covers trends from 1957 to 1995.
Continental Trading Blocs
Author : Jeffrey A. Frankel
Publisher :
Page : 68 pages
File Size : 28,22 MB
Release : 1993
Category : International economic integration
ISBN :
Book Description
Using the gravity model, we find evidence of three continental trading blocs: the Americas, Europe and Pacific Asia. Intra-regional trade exceeds what can be explained by the proximity of a pair of countries, their sizes and GNP/capitas, and whether they share a common border or language. We then turn from the econometrics to the economic welfare implications. Krugman has supplied an argument against a three-bloc world, assuming no transport costs, and another argument in favor, assuming prohibitively high transportation costs between continents. We complete the model for the realistic case where intercontinental transport costs are neither prohibitive nor zero. If transport costs are low, continental Free Trade Areas can reduce welfare. We call such blocs super-natural. Partial liberalization is better than full liberalization within regional Preferential Trading Arrangements, despite the GATT's Article 24. The super-natural zone occurs when the regionalization of trade policy exceeds what is justified by natural factors. Estimates suggest that trading blocs like the current EC are super-natural.
The Regionalization of the World Economy
Author : Jeffrey A. Frankel
Publisher : University of Chicago Press
Page : 295 pages
File Size : 38,71 MB
Release : 2007-12-01
Category : Business & Economics
ISBN : 0226260224
Book Description
Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several important questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements? Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this book examines the theoretical foundation of the gravity model. Making extensive use of the gravity model of bilateral trade, several chapters explore the economic effects of regional arrangements. In addition, this book examines the theoretical foundation of the gravity model.
Monetary and Fiscal Policy in an Integrated Europe
Author : Barry Eichengreen
Publisher : Springer Science & Business Media
Page : 250 pages
File Size : 27,64 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 3642798179
Book Description
In this volume, a group of distinguished economists and political scientists analyze the political economy of European integration, evaluating recent developments in European monetary and fiscal policy. They consider the current situation, as well as the prospects for an Integrated Europe. The book is unique in combining perspectives from economics and political science and provides an in-depth analysis of the new European institutions. The book will be of great interest to observers, scholars, and students of European economic and political affairs, macroeconomic policy, institutional analysis, and comparative and international political economy. Published in conjunction with "Politics and Institutions in an Integrated Europe" by the same editors.
Essays on the Welfare Implications of Trading Blocs with Transport Costs and on Political Cycles of Inflation
Author : Ernesto Hugo Stein
Publisher :
Page : 386 pages
File Size : 23,58 MB
Release : 1994
Category :
ISBN :
Book Description
Regionalism versus Multilateral Trade Arrangements
Author : Takatoshi Ito
Publisher : University of Chicago Press
Page : 432 pages
File Size : 33,4 MB
Release : 2007-12-01
Category : Business & Economics
ISBN : 0226387038
Book Description
There is no doubt that the open multilateral trading system after World War II was a key ingredient in the rapid economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically both in absolute terms and as a percentage of GNP. In the 1980s, however, preferential trading arrangements (PTAs) began to emerge as significant factors affecting world trade. This volume contains thirteen papers that analyze the tensions between multilateral trading systems and preferential trade arrangements and the impact of these tensions on East Asia. The first four chapters introduce PTAs conceptually and focus on the unique political issues that these agreements involve. The next five essays present more direct empirical analyses of existing PTAs and their economic effects, primarily in East Asia. The last four papers concentrate on the outcomes of individual East Asian nations' trading policies in specific instances of preferential agreements.
The European Union's Trade Policies and their Economic Effects
Author : OECD
Publisher : OECD Publishing
Page : 131 pages
File Size : 27,11 MB
Release : 2000-11-20
Category :
ISBN : 9264188533
Book Description
This book retraces the Communities external liberalisation efforts, and discusses, where relevant, the repercussions of internal liberalisation on foreign competitors.
Economic Dynamism of Asia in the New Millenium
Author : Yoshinori Shimizu
Publisher : World Scientific
Page : 408 pages
File Size : 39,31 MB
Release : 2007
Category : Business & Economics
ISBN : 9812568980
Book Description
Presents papers on various movements that have emerged after the Asian financial crisis, which lead to Asia becoming the growth center of the world. Beginning with the analysis of the Asian crisis, this book then studies the impact of these events on the Hong Kong economy, the government's role in Indonesia and financial restructuring in Thailand.
Market Integration, Regionalism and the Global Economy
Author : Richard Baldwin
Publisher : Cambridge University Press
Page : 368 pages
File Size : 42,52 MB
Release : 1999-08-26
Category : Business & Economics
ISBN : 9780521645898
Book Description
Demonstrates how new techniques of economic analysis can be used to study the process of regional integration.
