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Regionalism and the Rest of the World: Theory and Estimates of the Effects of European Integration

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  • Winters, L Alan

Abstract

There are no satisfactory ex post estimates of the effects of regional integration on excluded countries' welfare. Using a formal decomposition of welfare, this paper discusses the factors that might affect these countries' welfare and aspects of their measurement. It then surveys various ex ante estimates of the effects of European integration. These suggest that neighboring countries linked tightly to the European economy could lose significantly from the latter's integration, but that for other countries the losses are likely to be very small. Copyright 1997 by Blackwell Publishing Ltd.

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  • Winters, L Alan, 1997. "Regionalism and the Rest of the World: Theory and Estimates of the Effects of European Integration," Review of International Economics, Wiley Blackwell, vol. 5(4), pages 134-147, Supplemen.
  • Handle: RePEc:bla:reviec:v:5:y:1997:i:4:p:134-47
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    Cited by:

    1. Aghion, Philippe & Antras, Pol & Helpman, Elhanan, 2007. "Negotiating free trade," Journal of International Economics, Elsevier, vol. 73(1), pages 1-30, September.
    2. L. Alan Winters, 2000. "Regionalism and Multilateralism in the Twenty-First Century," IDB Publications (Working Papers) 2188, Inter-American Development Bank.
    3. Miroslav N. Jovanović, 2015. "The Economics of International Integration, Second Edition," Books, Edward Elgar Publishing, number 15166, April.
    4. Burfisher, Mary E. & Robinson, Sherman & Thierfelder, Karen, 2004. "Regionalism," MTID discussion papers 65, International Food Policy Research Institute (IFPRI).
    5. L. Alan Winters, 2000. "Regionalism and Multilateralism in the Twenty-First Century," IDB Publications (Working Papers) 8749, Inter-American Development Bank.
    6. Winters, L. Alan & Chang, Won, 2000. "Regional integration and import prices: an empirical investigation," Journal of International Economics, Elsevier, vol. 51(2), pages 363-377, August.

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