Regionalism and the Rest of the World: Theory and Estimates of the Effects of European Integration
AbstractThere are no satisfactory ex post estimates of the effects of regional integration on excluded countries' welfare. Using a formal decomposition of welfare, this paper discusses the factors that might affect these countries' welfare and aspects of their measurement. It then surveys various ex ante estimates of the effects of European integration. These suggest that neighboring countries linked tightly to the European economy could lose significantly from the latter's integration, but that for other countries the losses are likely to be very small. Copyright 1997 by Blackwell Publishing Ltd.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Review of International Economics.
Volume (Year): 5 (1997)
Issue (Month): 4 (Supplement)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0965-7576
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- Philippe Aghion & Pol Antràs & Elhanan Helpman, 2004.
"Negotiating Free Trade,"
NBER Working Papers
10721, National Bureau of Economic Research, Inc.
- L. Alan Winters, 2000. "Regionalism and Multilateralism in the Twenty-First Century," IDB Publications 8749, Inter-American Development Bank.
- Burfisher, Mary E. & Robinson, Sherman & Thierfelder, Karen, 2004. "Regionalism," MTID discussion papers 65, International Food Policy Research Institute (IFPRI).
- Winters, L. Alan & Chang, Won, 2000. "Regional integration and import prices: an empirical investigation," Journal of International Economics, Elsevier, vol. 51(2), pages 363-377, August.
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