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Trading Blocs and Welfare

1998-06-01 Business & Economics
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Release : 1998-06-01
Genre : Business & Economics
Kind : eBook
Book Rating : 611/5 ( reviews)

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Book Synopsis Trading Blocs and Welfare by : Mr.Qaizar Hussain

Download or read book Trading Blocs and Welfare written by Mr.Qaizar Hussain. This book was released on 1998-06-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses the three-country duopoly model to examine the effects of lowered trade barriers when a new entrant joins a trading bloc. There are two firms—a small-country firm and a large-country firm within the bloc—and three markets—two within and one (new entrant’s) outside the bloc. The analysis generally shows greater gains for the small-country than for the large-country firm. The small-country firm will export more to the external country than the large-country firm. But if tariffs decline, the export share of the large-country firm will increase relative to the small-country firm’s, though profits will improve more for the latter.

Trading Blocs and Welfare

2006
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Release : 2006
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Book Synopsis Trading Blocs and Welfare by : R. Scott Hacker

Download or read book Trading Blocs and Welfare written by R. Scott Hacker. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses the three-country duopoly model to examine the effects of lowered trade barriers when a new entrant joins a trading bloc. There are two firms a small-country firm and a large-country firm within the bloc and three markets two within and one (new entrant`s) outside the bloc. The analysis generally shows greater gains for the small-country than for the large-country firm. The small-country firm will export more to the external country than the large-country firm. But if tariffs decline, the export share of the large-country firm will increase relative to the small-country firm`s, though profits will improve more for the latter.

Trading Blocs

1999 Business & Economics
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Release : 1999
Genre : Business & Economics
Kind : eBook
Book Rating : 501/5 ( reviews)

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Book Synopsis Trading Blocs by : Jagdish N. Bhagwati

Download or read book Trading Blocs written by Jagdish N. Bhagwati. This book was released on 1999. Available in PDF, EPUB and Kindle. Book excerpt: The recent proliferation of free trade areas and customs unions in the world trading system has led to a revival of interest in the economic analysis of Preferential Trade Agreements (PTAs). The principal theoretical question of the 1950s and 1960s (Viner) was whether PTAs encourage or discourage the worldwide nondiscriminatory freeing of trade. The essays in this volume present the central contributions to the analytical approaches developed to examine these questions. -- Provided by publisher.

The Welfare Implications of Regional Trading Blocs

1991
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Release : 1991
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Book Synopsis The Welfare Implications of Regional Trading Blocs by : Pamela L. Bracey

Download or read book The Welfare Implications of Regional Trading Blocs written by Pamela L. Bracey. This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt:

The Welfare Implications of Trading Blocs Among Countries with Different Endowments

1996 Comercio
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Release : 1996
Genre : Comercio
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Book Synopsis The Welfare Implications of Trading Blocs Among Countries with Different Endowments by : Antonio Spilimbergo

Download or read book The Welfare Implications of Trading Blocs Among Countries with Different Endowments written by Antonio Spilimbergo. This book was released on 1996. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we present a model where trade is motivated both by preference for variety and comparative advantages. We use this framework to analyze the welfare implications of trading blocs among countries with different endowments with and without transportation costs. In this framework, we address the following issues: a) the welfare implications of the consolidation of the world into a few trading blocs; b) the different incentives that rich and poor countries have in choosing their partners in trade arrangements; c) whether the welfare consequences of continental preferential trade arrangements depend on the relative endowments.

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