Non-preferential trading clubs
Raimondos-Møller, Pascalis & Woodland, Alan D. (2006) Non-preferential trading clubs. Journal of International Economics, 68(1), pp. 79-91.
This paper examines the welfare implications of non-discriminatory tariff reforms by a subset of countries, which we term a non-preferential trading club. We show that there exist coordinated tariff reforms, accompanied by appropriate income transfers between the member countries, that unambiguously increase the welfare of these countries while leaving the welfare of non-members unaltered. In terms of economic policy implications, our results show that there exist regional, MFN-consistent arrangements that lead to Pareto improvements in world welfare.
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|Item Type:||Journal Article|
|Keywords:||Trading clubs; Non-preferential tariff reform; Kemp–Wan–Ohyama proposition|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
|Copyright Owner:||Copyright 2005 Elsevier B.V.|
|Deposited On:||21 Mar 2016 23:50|
|Last Modified:||23 Mar 2016 04:50|
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