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Wohlfahrtseffekte einer nordatlantischen Handelsliberalisierung

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  • Lübcke, Britta
  • Piazolo, Daniel

Abstract

Many WTO countries continue to deepen and widen regional economic Integration - despite already low rates of most-favored-nation tariffs in most cases. This paper discusses the possible welfare-increasing effects of trade liberalization between the European Union (EU) and the North American Free Trade Area (NAFTA). The conceivable welfare consequences deducted from economic theory are confronted with quantitative estimates, which are based on a computable general equilibrium model. The Simulation results of the computable general equilibrium model point to rather small magnitudes of the welfare effects of North Atlantic liberalization. The paper discusses this finding and derives the implications for trade policies of the EU and NAFTA.

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Bibliographic Info

Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 885.

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Date of creation: 1998
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Handle: RePEc:kie:kieliw:885

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Keywords: Economic Integration; Welfare Effects; North Atlantic Trade; Liberalization; Computable General Equilibrium Model;

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  1. Anderson Kym & Snape Richard H., 1994. "European and American Regionalism: Effects on and Options for Asia," Journal of the Japanese and International Economies, Elsevier, vol. 8(4), pages 454-477, December.
  2. Baldwin, Richard & Francois, Joseph, 1997. "Preferential Trade Liberalization in the North Atlantic," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1611, C.E.P.R. Discussion Papers.
  3. Juergen B. Donges & Andreas Freytag & Ralf Zimmermann, 1997. "TAFTA: Assuring its Compatibility with Global Free Trade," The World Economy, Wiley Blackwell, Wiley Blackwell, vol. 20(5), pages 567-583, 08.
  4. Luis A. Rivera-Batiz & Paul M. Romer, 1990. "Economic Integration and Endogenous Growth," NBER Working Papers 3528, National Bureau of Economic Research, Inc.
  5. Klepper, Gernot & Lorz, Jens Oliver & Stähler, Frank & Thiele, Rainer & Wiebelt, Manfred, 1993. "Empirische allgemeine Gleichgewichts-Modelle: Struktur und Anwendungsmöglichkeiten," Kiel Working Papers, Kiel Institute for the World Economy 595, Kiel Institute for the World Economy.
  6. Krugman, Paul, 1983. "New Theories of Trade among Industrial Countries," American Economic Review, American Economic Association, American Economic Association, vol. 73(2), pages 343-47, May.
  7. Krugman, Paul, 1995. "Increasing returns, imperfect competition and the positive theory of international trade," Handbook of International Economics, Elsevier, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 24, pages 1243-1277 Elsevier.
  8. Chichilnisky, Graciela, 1996. "Trade regimes and Gatt: resource intensive vs. knowledge intensive growth, Chapter 10," MPRA Paper 8813, University Library of Munich, Germany.
  9. Blomstrom, Magnus & Kokko, Ari, 1997. "Regional integration and foreign direct investment : a conceptual framework and three cases," Policy Research Working Paper Series, The World Bank 1750, The World Bank.
  10. Baldwin, Richard E. & Venables, Anthony J., 1995. "Regional economic integration," Handbook of International Economics, Elsevier, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 31, pages 1597-1644 Elsevier.
  11. Chichilnisky, Graciela, 1996. "Trade regimes and GATT: resource-intensive vs. knowledge intensive growth," MPRA Paper 8493, University Library of Munich, Germany.
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