MERCOSUR’s Labyrinth and World Regionalism
Regional trade agreements are more likely to produce negative effects on nonmembers the larger and the more protected they are. Because MERCOSUR countries are efficient producers of the most protected products in the world –agricultural and agro-industrial products-, these countries suffer particularly from other countries regional agreements. Finally, these costs are likely to increase with the number of regional agreements in which they are not members. The arguments and estimates presented in this paper support these assertions.
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- Tamim Bayoumi & Barry Eichengreen, 1997.
"Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA,"
in: Regionalism versus Multilateral Trade Arrangements, NBER-EASE Volume 6, pages 141-168
National Bureau of Economic Research, Inc.
- Bayoumi, Tamim & Eichengreen, Barry, 1995. "Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA," CEPR Discussion Papers 1294, C.E.P.R. Discussion Papers.
- Tamim Bayoumi & Barry J. Eichengreen, 1995. "Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA," IMF Working Papers 95/109, International Monetary Fund.
- Tamim Bayoumi & Barry Eichengreen, 1995. "Is Regionalism Simply a Diversion? Evidence From the Evolution of the EC and EFTA," NBER Working Papers 5283, National Bureau of Economic Research, Inc.
- Goto, Junichi, 1997. "Regional economic integration and agricultural trade," Policy Research Working Paper Series 1805, The World Bank.
- Gupta, Anju & Schiff, Maurice, 1997. "Outsiders and regional trade agreements among small countries : the case of regional markets," Policy Research Working Paper Series 1847, The World Bank.
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