The Welfare Implications of Trading Blocs among Countries with Different Endowments
AbstractIn this paper, we present a model where trade is motivated both by preference for variety and comparative advantages. We use this framework to analyze the welfare implications of trading blocs among countries with different endowments with and without transportation costs. In this framework, we address the following issues: a) the welfare implications of the consolidation of the world into a few trading blocs; b) the different incentives that rich and poor countries have in choosing their partners in trade arrangements; c) whether the welfare consequences of continental preferential trade arrangements depend on the relative endowments.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 5472.
Date of creation: Mar 1996
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Publication status: published as Antonio Spilimbergo, Ernesto Stein. "The Welfare Implications of Trading Blocs among Countries with Different Endowments," in Jeffrey A. Frankel, editor, "The Regionalization of the World Economy" University of Chicago Press (1998)
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Other versions of this item:
- Antonio Spilimbergo & Ernesto Stein, 1998. "The Welfare Implications of Trading Blocs among Countries with Different Endowments," NBER Chapters, in: The Regionalization of the World Economy, pages 121-152 National Bureau of Economic Research, Inc.
- F15 - International Economics - - Trade - - - Economic Integration
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