The Effect of Bilateral Trade Agreements on World Trade and Price Stability

Alan J. Webb

No 279320, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A theoretical model is developed which shows that the aggregate effect of an increase in bilateral trade agreements is an increase in the variability of world prices and trade. For a single country, the model shows that it is to each country's advantage to keep its bilateral commitments from exceeding its expected trade.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 17
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279320

DOI: 10.22004/ag.econ.279320

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