European Trade and Welfare after `1992'
AbstractThis paper reviews estimates of the effects of `1992' on international trade and welfare, and the policy implications of those estimates. It surveys earlier research starting with the Cecchini Report of 1988 and then summarizes some new results based on general equilibrium modelling with imperfectly competitive industries. These suggest significant gains to integration. Other work surveyed suggests that in some industries, however, integration could be harmful, that taxing EC industry might be beneficial and that current estimates of `1992' might be based on seriously overestimated price elasticities.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 678.
Date of creation: Jun 1992
Date of revision:
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Find related papers by JEL classification:
- F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F15 - International Economics - - Trade - - - Economic Integration
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
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- Einar Bowitz & Taran FÃ¦hn & Leo GrÃ¼nfeld & Knut Moum, 1997. "Can a Wealthy Economy Gain from an EU Membership? Adjustment Costs and Long Term Welfare Effects of Full Integrationâ€”The Norwegian Case," Open Economies Review, Springer, vol. 8(3), pages 211-231, July.
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