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European Trade and Welfare after `1992'

Author

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  • Winters, L. Alan

Abstract

This paper reviews estimates of the effects of `1992' on international trade and welfare, and the policy implications of those estimates. It surveys earlier research starting with the Cecchini Report of 1988 and then summarizes some new results based on general equilibrium modelling with imperfectly competitive industries. These suggest significant gains to integration. Other work surveyed suggests that in some industries, however, integration could be harmful, that taxing EC industry might be beneficial and that current estimates of `1992' might be based on seriously overestimated price elasticities.

Suggested Citation

  • Winters, L. Alan, 1992. "European Trade and Welfare after `1992'," CEPR Discussion Papers 678, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:678
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    Citations

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    Cited by:

    1. Hiemenz, Ulrich (Ed.) & Gundlach, Erich (Ed.), 1994. "Regional integration in Europe and its effects on developing countries," Open Access Publications from Kiel Institute for the World Economy 794, Kiel Institute for the World Economy (IfW Kiel).
    2. Gundlach, Erich, 1993. "The European single market: bad news for developing countries?," Kiel Working Papers 586, Kiel Institute for the World Economy (IfW Kiel).
    3. Einar Bowitz & Taran Fæhn & Leo Grünfeld & Knut Moum, 1997. "Can a Wealthy Economy Gain from an EU Membership? Adjustment Costs and Long Term Welfare Effects of Full Integration—The Norwegian Case," Open Economies Review, Springer, vol. 8(3), pages 211-231, July.

    More about this item

    Keywords

    1992; European Community; Integration; Single Market;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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