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Winners and Losers from Regional Integration Agreements.

Abstract:

How are the benefits and costs of a customs union divided between member countries? Outcomes depend on the comparative advantage of members, relative to each other and relative to the rest of the world. Countries with a comparative advantage between that of their partners and the rest of the world do better than countries with an "extreme" comparative advantage. Consequently, integration between low income countries tends to lead to divergence of member country incomes, while agreements betwe...

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Journal:
Economic Journal
Volume:
113
Publication date:
2003-01-01
ISSN:
0013-0133
Language:
English
UUID:
uuid:acf0ef1b-c1cb-43da-a60b-8220d5f37f1a
Local pid:
oai:economics.ouls.ox.ac.uk:10585
Deposit date:
2011-08-16

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