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Scenarios for Trade Integration in the Americas

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Author Info
Xinshen Diao
Eugenio Díaz-Bonilla
Sherman Robinson

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Abstract

This paper analyzes two potential trade liberalization scenarios: a Free Trade Area of the Americas (FTAA) and an agreement between MERCOSUR and the European Union (EU). The paper utilizes a world general equilibrium model with some macro elements such as rigidities in wages and exchange rates. The empirical results show that the two regional integration scenarios create trade and increase welfare for the participants (more for the Latin American countries than for either the US or the EU) with little impact on non-participants.

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File URL: http://www.cepii.fr/anglaisgraph/publications/economieinter/rev9495/rev9495b.htm
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Publisher Info
Article provided by CEPII research center in its journal Economie Internationale.

Volume (Year): (2003)
Issue (Month): 2Q-3Q ()
Pages: 33-51
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Handle: RePEc:cii:cepiei:2003-2q-3qb

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Related research
Keywords: Trade; Regional Integration; General Equilibrium Models; Developing Countries;

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Find related papers by JEL classification:
C5 - Mathematical and Quantitative Methods - - Econometric Modeling
E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
F1 - International Economics - - Trade

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Mary E. Burfisher & Sherman Robinson & Karen Thierfelder, 2001. "The Impact of NAFTA on the United States," Journal of Economic Perspectives, American Economic Association, vol. 15(1), pages 125-144, Winter. [Downloadable!] (restricted)
  2. Diaz-Bonilla, Eugenio & Thomas, Marcelle & Robinson, Sherman & Cattaneo, Andrea, 2000. "Food security and trade negotiations in the World Trade Organization," TMD discussion papers 59, International Food Policy Research Institute (IFPRI). [Downloadable!]
  3. Lewis, Jeffrey D. & Robinson, Sherman & Zhi Wang, 1995. "Beyond the Uruguay Round : the implications of an Asian free trade area," Policy Research Working Paper Series 1467, The World Bank. [Downloadable!]
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  4. Hinojosa-Ojeda, Raul A. & Robinson, Sherman & Lewis, Jeffrey D., 1995. "Regional integration options for Central America and the Caribbean after NAFTA," The North American Journal of Economics and Finance, Elsevier, vol. 6(2), pages 121-148. [Downloadable!] (restricted)
  5. Robinson, Sherman, 1991. "Macroeconomics, financial variables, and computable general equilibrium models," World Development, Elsevier, vol. 19(11), pages 1509-1525, November. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Morley, Samuel & Piñeiro, Valeria, 2004. "The effect of WTO and FTAA on agriculture and the rural sector in Latin America," DSGD discussion papers 3, International Food Policy Research Institute (IFPRI). [Downloadable!]
  2. Ludena, Carlos & Wong, Sara, 2006. "Domestic Support Policies for Agriculture in Ecuador and the U.S.-Andean Countries Free Trade Agreement: An Applied General Equilibrium Assessment," 2006 Annual meeting, July 23-26, Long Beach, CA 21349, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  3. Ricardo Arguello & Ernesto Valenzuela, 2005. "Market access in the Western Hemisphere: Implications for the Andean Community," BORRADORES DE INVESTIGACIÓN 003188, UNIVERSIDAD DEL ROSARIO - FACULTAD DE ECONOMÍA. [Downloadable!]
    Other versions:
  4. Turner, James A. & Buongiorno, Joseph & Zhu, Shushuai, 2005. "Effects of the Free Trade Area of the Americas on Forest Resources," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 34(1), April. [Downloadable!]
  5. Pavel Neumann, 2008. "Fragmentation Versus Unity Of The World Economy," Acta Oeconomica Pragensia, University of Economics, Prague, vol. 2008(2), pages 70-89. [Downloadable!] (restricted)
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This page was last updated on 2009-11-22.

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