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


  • Winters, L Alan


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.

Suggested Citation

  • 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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    References listed on IDEAS

    1. Pablo Serra, 1991. "Short-run and Long-run Welfare Implications of Free Trade," Canadian Journal of Economics, Canadian Economics Association, vol. 24(1), pages 21-33, February.
    2. Ruffin, Roy J & Yoon, Young Deak, 1993. "International Capital Movements in the Solow and Overlapping Generations Growth Models," Review of International Economics, Wiley Blackwell, vol. 1(2), pages 123-135, June.
    3. Galor, Oded, 1994. "Tariffs, Income Distribution and Welfare in a Small Overlapping-Generations Economy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(1), pages 173-192, February.
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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. L. Alan Winters, 2000. "Regionalism and Multilateralism in the Twenty-First Century," IDB Publications (Working Papers) 8749, Inter-American Development Bank.
    4. 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.
    5. Miroslav N. Jovanović, 2015. "The Economics of International Integration, Second Edition," Books, Edward Elgar Publishing, number 15166.
    6. Burfisher, Mary E. & Robinson, Sherman & Thierfelder, Karen, 2004. "Regionalism," MTID discussion papers 65, International Food Policy Research Institute (IFPRI).

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