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The Clash Of Liberalizations: Preferential Vs. Multilateral Trade Liberalization In The European Union

  • Baybars Karacaovali

    (University of Maryland)

  • Nuno Limao

    (University of Maryland)

This paper considers the impact of preferential trade liberalization (PTL) on multilateral trade liberalization (MTL), focusing on the European Union. The model that we develop, which builds on Limão (2002), captures key features of the multilateral system and of recent PTAs and generates several specific predictions that we test.The following is an abridged version of this paper presented at the 15th International Conference, Istanbul, Turkey, May 2005.

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Paper provided by International Trade and Finance Association in its series International Trade and Finance Association Conference Papers with number 1037.

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Date of creation: 18 May 2005
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Handle: RePEc:bep:itfapp:1037
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  1. Grossman, Gene M & Helpman, Elhanan, 1994. "Protection for Sale," American Economic Review, American Economic Association, vol. 84(4), pages 833-50, September.
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  14. Baybars Karacaovali & Nuno Limao, 2005. "The Clash Of Liberalizations: Preferential Vs. Multilateral Trade Liberalization In The European Union," International Trade and Finance Association Conference Papers 1037, International Trade and Finance Association.
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  19. Riedel, James, 1977. "Tariff concessions in the Kennedy Round and the structure of protection in West Germany : An econometric assessment," Journal of International Economics, Elsevier, vol. 7(2), pages 133-143, May.
  20. Foroutan, Faezeh, 1998. "Does membership in a regional preferential trade arrangement make a country more or less protectionist?," Policy Research Working Paper Series 1898, The World Bank.
  21. John H. Jackson, 1997. "The World Trading System, 2nd Edition: Law and Policy of International Economic Relations," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262600277, June.
  22. Finger, J M, 1974. "GATT Tariff Concessions and the Exports of Developing Countries-United States Concessions at the Dillon Round," Economic Journal, Royal Economic Society, vol. 84(335), pages 566-75, September.
  23. Nuno Lim�o, 2007. "Are Preferential Trade Agreements with Non-trade Objectives a Stumbling Block for Multilateral Liberalization?," Review of Economic Studies, Oxford University Press, vol. 74(3), pages 821-855.
  24. Paul Krugman, 1989. "Is Bilateralism Bad?," NBER Working Papers 2972, National Bureau of Economic Research, Inc.
  25. Matthias Busse, 2000. "The hub and spoke approach of EU trade policy," Intereconomics: Review of European Economic Policy, Springer, vol. 35(4), pages 153-154, July.
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  27. Bagwell, Kyle & Staiger, Robert W, 1998. "Will Preferential Agreements Undermine the Multilateral Trading System?," Economic Journal, Royal Economic Society, vol. 108(449), pages 1162-82, July.
  28. Lim“o, Nuno, 2002. "Are Preferential trade Agreements with Non-trade Objectives a Stumbling Block for Multilateral Liberalization?," Royal Economic Society Annual Conference 2002 129, Royal Economic Society.
  29. Finger, J. Michael & Reincke, Ulrich & Castro, Adriana, 1999. "Market access bargaining in the Uruguay Round - Rigid or relaxed reciprocity?," Policy Research Working Paper Series 2258, The World Bank.
  30. Constantinos Syropoulos, 2002. "On Tariff Preferences And Delegation Decisions In Customs Unions: A Heckscher--Ohlin Approach," Economic Journal, Royal Economic Society, vol. 112(481), pages 625-648, July.
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