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The new regionalism: trade liberalization or insurance? Author info | Abstract | Publisher info | Download info | Related research | Statistics Carlo Perroni
John Whalley
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Several of the recently negotiated regional trade agreements contain significantly fewer concessions by the large countries to smaller countries than vice versa. In this paper, we compute post-retaliation Nash tariffs by region under various regional trade arrangements using a calibrated numerical general equilibrium model of world trade. Regional agreements constrain strategic behaviour within each trading area, and (in the Customs Union case) enhance it outside the bloc. Results confirm the intuition that without side payments large-small country regional agreements (such as the Canada-U.S. agreement) would not have occurred.
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Article provided by Canadian Economics Association in its journal Canadian Journal of Economics .
Volume (Year): 33 (2000)
Issue (Month): 1 (February)
Pages: 1-24
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Handle: RePEc:cje:issued:v:33:y:2000:i:1:p:1-24Contact details of provider: Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office CIREQ-C.R.D.E., Université de Montréal C.P. 6128, succursale Centre-ville Montréal, Québec, H3C 3J7, Canada Email: Web page: http://economics.ca/cje/ More information through EDIRC
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Limao, Nuno & Olarreaga, Marcelo, 2005.
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Limão, Nuno & Olarreaga, Marcelo, 2005.
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[Downloadable!] (restricted) Bond, Eric W. & Syropoulos, Constantinos & Winters, L. Alan, 2001.
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UWO Department of Economics Working Papers
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Mette Ersbak Bang Nielsen, 2006.
"The endogenous formation of sustanaible trade agreements ,"
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Paul Brenton & Natalia Tourdyeva & John Whalley, 1997.
"The potential trade effects of an FTA between the EU and Russia ,"
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"Are Preferential Trade Agreements with Non-trade Objectives a Stumbling Bloc for Multilateral Liberalization? ,"
International Trade
0206001, EconWPA.
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Lim“o, Nuno, 2002.
"Are Preferential trade Agreements with Non-trade Objectives a Stumbling Block for Multilateral Liberalization? ,"
Royal Economic Society Annual Conference 2002
129, Royal Economic Society.
[Downloadable!] Nuno Limao, 2007.
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[Downloadable!] (restricted) Paul Wonnacott & Ronald Wonnacott, 2004.
"What's the Point of Reciprocal Trade Negotiations? Exports, Imports, and Gains from Trade ,"
Middlebury College Working Paper Series
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John Whalley, 1996.
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Winters, L. Alan, 1996.
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