Welfare impact of a bilateral trade agreement
AbstractWe develop a general equilibrium model and derive sufficient conditions for a trade agreement to be welfare-enhancing for a country. Our sufficient conditions require that the unconditional mean of the real GDP of the domestic country be higher and the unconditional mean of the total real import of the domestic country from the countries outside the trading block be lower following the trade agreement. We apply the model on U.S.-Australia trade agreement. Our results meet the sufficient conditions. Therefore, we conclude that the U.S.-Australia trade agreement has helped enhancing U.S. welfare.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.
Volume (Year): 62 (2009)
Issue (Month): 2 ()
Contact details of provider:
Postal: Via Garibaldi 4, 16124 Genova, Italy
Phone: +39 010 27041
Fax: +39 010 2704222
Web page: http://www.ge.camcom.it/IT/Tool/Modulistica
More information through EDIRC
NAFTA; Revealed-preference; Trade-reform; Welfare; Intervention-analysis;
Find related papers by JEL classification:
- F01 - International Economics - - General - - - Global Outlook
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.:
- Jiandong Ju & Kala Krishna, 1996.
"Market Access and Welfare Effects of Free Trade Areas without Rules of Origin,"
NBER Working Papers
5480, National Bureau of Economic Research, Inc.
- Ju, J. & Krishna, K., 1996. "market Access and Welfare Effects of Free Trade Areas without Rules of origin," Papers 2-96-1, Pennsylvania State - Department of Economics.
- Jiandong Ju & Kala Krishna, . "Market Access and Welfare Effects of Free Trade Areas without Rules of Origin," EPRU Working Paper Series 96-03, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
- Ju, J. & Krishna, K., 1995. "Market Access and Welfare Effects of Free Trade Areas Without Rules of Origin," Papers 11-95-3a, Pennsylvania State - Department of Economics.
- repec:fth:coluec:9596-04 is not listed on IDEAS
- Lopez, Ramon & Panagariya, Arvind, 1992. "On the Theory of Piecemeal Tariff Reform: The Case of Pure Imported Intermediate Inputs," American Economic Review, American Economic Association, vol. 82(3), pages 615-25, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angela Procopio).
If references are entirely missing, you can add them using this form.