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Trade Agreements

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Author Info

  • Carsten Kowalczyk
  • Raymond Riezman

Abstract

This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several questions for further research.

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File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/WP/WP-CESifo_Working_Papers/wp-cesifo-2009/wp-cesifo-2009-05/cesifo1_wp2660.pdf
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Bibliographic Info

Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 2660.

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Date of creation: 2009
Date of revision:
Handle: RePEc:ces:ceswps:_2660

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Related research

Keywords: trade agreements; multilateralism; free trade; customs unions; free trade areas; preferential trade;

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References

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  1. Carsten Kowalczyk & Donald Davis, 1996. "Tariff Phase-Outs: Theory and Evidence from GATT and NAFTA," NBER Working Papers 5421, National Bureau of Economic Research, Inc.
  2. Finger, J. Michael, 2005. "A diplomat's economics: reciprocity in the Uruguay Round negotiations," World Trade Review, Cambridge University Press, Cambridge University Press, vol. 4(01), pages 27-40, March.
  3. Kowalczyk, Carsten, 2000. "Welfare and Integration," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 41(2), pages 483-94, May.
  4. Kose, M Ayhan & Riezman, Raymond, 2000. "Understanding the Welfare Implications of Preferential Trade Agreements," Review of International Economics, Wiley Blackwell, vol. 8(4), pages 619-33, November.
  5. Eric W. Bond & Jee-Hyeong Park, 2002. "Gradualism in Trade Agreements with Asymmetric Countries," Review of Economic Studies, Oxford University Press, vol. 69(2), pages 379-406.
  6. Kyle Bagwell & Robert W. Staiger, 1993. "Miltilateral Tariff Cooperation During the Formation of Customs Unions," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 1070, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  7. Gene M. Grossman & Elhanan Helpman, 1993. "The Politics of Free Trade Agreements," NBER Working Papers 4597, National Bureau of Economic Research, Inc.
  8. Carsten Kowalczyk & Tomas Sjostrom, 1993. "Bringing GATT into the Core," NBER Working Papers 4343, National Bureau of Economic Research, Inc.
  9. Carsten Kowalczyk, 1990. "Welfare and Customs Unions," NBER Working Papers 3476, National Bureau of Economic Research, Inc.
  10. Riezman, R., 1997. "Can Bilateral Trade Agreements Help Induce Free Trade," Working Papers, University of Iowa, Department of Economics 97-01, University of Iowa, Department of Economics.
  11. Riezman, Raymond, 1985. "Customs unions and the core," Journal of International Economics, Elsevier, Elsevier, vol. 19(3-4), pages 355-365, November.
  12. Kennan, John & Riezman, Raymond, 1988. "Do Big Countries Win Tariff Wars?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 29(1), pages 81-85, February.
  13. Kowalczyk, C. & Wannacott, R.J., 1992. "Hubs and Spokes , and Free Trade in the Americas," UWO Department of Economics Working Papers, University of Western Ontario, Department of Economics 9209, University of Western Ontario, Department of Economics.
  14. Richard Chisik, 2010. "Gradualism in Free Trade Agreements: A Theoretical Justification," Working Papers, Ryerson University, Department of Economics 018, Ryerson University, Department of Economics.
  15. John Kennan & Raymond Riezman, 1990. "Optimal Tariff Equilibria with Customs Unions," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 23(1), pages 70-83, February.
  16. Carsten Kowalczyk & Ronald J. Wonnacott, 1992. "Hubs and Spokes, and Free Trade in the Americas," NBER Working Papers 4198, National Bureau of Economic Research, Inc.
  17. Dan Kovenock & Marie Thursby, 1992. "Gatt, Dispute Settlement And Cooperation," Economics and Politics, Wiley Blackwell, Wiley Blackwell, vol. 4(2), pages 151-170, 07.
  18. Constantinos Syropoulos, 2002. "Optimum Tariffs and Retaliation Revisited: How Country Size Matters," Review of Economic Studies, Oxford University Press, vol. 69(3), pages 707-727.
  19. Michaely, Michael, 1998. "Partners to a preferential trade agreement: Implications of varying size," Journal of International Economics, Elsevier, Elsevier, vol. 46(1), pages 73-85, October.
  20. Ben Zissimos & Ben Lockwood, 2004. "The GATT and Gradualism," Econometric Society 2004 North American Summer Meetings, Econometric Society 607, Econometric Society.
  21. Kowalczyk, Carsten, 1989. "Trade Negotiations and World Welfare," American Economic Review, American Economic Association, American Economic Association, vol. 79(3), pages 552-59, June.
  22. Bond, Eric W. & Syropoulos, Constantinos, 1996. "The size of trading blocs Market power and world welfare effects," Journal of International Economics, Elsevier, Elsevier, vol. 40(3-4), pages 411-437, May.
  23. Bond, Eric W, 1990. "The Optimal Tariff Structure in Higher Dimensions," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(1), pages 103-16, February.
  24. Grinols, Earl L., 1981. "An extension of the Kemp-Wan theorem on the formation of customs unions," Journal of International Economics, Elsevier, Elsevier, vol. 11(2), pages 259-266, May.
  25. Bagwell, Kyle & Staiger, Robert W, 1997. "Multilateral Tariff Cooperation during the Formation of Free Trade Areas," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(2), pages 291-319, May.
  26. McMillan, John & McCann, Ewen, 1981. "Welfare Effects in Customs Unions," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 91(363), pages 697-703, September.
  27. Bond, Eric W. & Riezman, Raymond G. & Syropoulos, Constantinos, 2004. "A strategic and welfare theoretic analysis of free trade areas," Journal of International Economics, Elsevier, Elsevier, vol. 64(1), pages 1-27, October.
  28. Kemp, Murray C. & Wan, Henry Jr., 1976. "An elementary proposition concerning the formation of customs unions," Journal of International Economics, Elsevier, Elsevier, vol. 6(1), pages 95-97, February.
  29. Jones, Ronald W, 1969. "Tariffs and Trade in General Equilibrium: Comment," American Economic Review, American Economic Association, American Economic Association, vol. 59(3), pages 418-24, June.
  30. Hatta, Tatsuo & Fukushima, Takashi, 1979. "The welfare effect of tariff rate reductions in a many country world," Journal of International Economics, Elsevier, Elsevier, vol. 9(4), pages 503-511, November.
  31. 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, American Economic Association, vol. 82(3), pages 615-25, June.
  32. Devereux, Michael B, 1997. "Growth, Specialization, and Trade Liberalization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(3), pages 565-85, August.
  33. Earl L. Grinols & Kar-yiu Wong, 1991. "An Exact Measure of Welfare Change," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 24(2), pages 428-49, May.
  34. Furusawa, Taiji & Lai, Edwin L. -C., 1999. "Adjustment costs and gradual trade liberalization," Journal of International Economics, Elsevier, Elsevier, vol. 49(2), pages 333-361, December.
  35. Carsten Kowalczyk & Raymond Riezman, 2009. "Free trade: what are the terms-of-trade effects?," Economic Theory, Springer, Springer, vol. 41(1), pages 147-161, October.
  36. Fukushima, Takashi & Kim, Namdoo, 1989. "Welfare improving tariff changes : A case of many goods and countries," Journal of International Economics, Elsevier, Elsevier, vol. 26(3-4), pages 383-388, May.
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Citations

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Cited by:
  1. Vollrath, Thomas L. & Hallahan, Charles B., 2009. "Economic costs and payoffs of bilateral/regional trade agreements," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin, Agricultural and Applied Economics Association 49375, Agricultural and Applied Economics Association.
  2. Carsten Kowalczyk & Raymond Riezman, 2009. "Free trade: what are the terms-of-trade effects?," Economic Theory, Springer, Springer, vol. 41(1), pages 147-161, October.
  3. T. Huw Edwards, Matthias L├╝cke, 2011. "Decompositions of Wage Inequality and Growth in an Advanced Economy open to Trade," Kiel Working Papers 1749, Kiel Institute for the World Economy.
  4. Park, Innwon & Park, Soonchan & Kim, Sangkyom, 2010. "A Free Trade Area of the Asia Pacific (FTAAP): Is It Desirable?," MPRA Paper 26680, University Library of Munich, Germany.
  5. Cheong, David, 2010. "Methods for Ex Post Economic Evaluation of Free Trade Agreements," Working Papers on Regional Economic Integration, Asian Development Bank 59, Asian Development Bank.
  6. Richard Pomfret, 2005. "Regional Trade Agreements," School of Economics Working Papers, University of Adelaide, School of Economics 2005-15, University of Adelaide, School of Economics.
  7. Svetlana Demidova & Hiau Looi Kee & Kala Krishna, 2006. "Do Trade Policy Differences Induce Sorting? Theory and Evidence from Bangladeshi Apparel Exporters," NBER Working Papers 12725, National Bureau of Economic Research, Inc.
  8. Portugal-Perez, Alberto, 2009. "Assessing the impact of political economy factors on rules of origin under NAFTA," Policy Research Working Paper Series 4848, The World Bank.

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