Measuring the Degree or Progress of Economic Integration (Main Paper, Working Group A)

Jean Waelbroeck

Chapter 4 in Economic Integration: Worldwide, Regional, Sectoral, 1976, pp 89-116 from Palgrave Macmillan

Abstract: Abstract This paper presents leading ideas in post-war research on integration. In the spirit of Tinbergen (1952), the goal is understood to be the clarification of the connection between the instruments and objectives of economic policy. In the present context, the instruments are the tariff and nontariff barriers that hamper integration. Trade and capital flows are, in Tinbergen’s terminology, ‘irrelevant variables’, interesting only because of their impact on the objectives of policy makers. The latter are variables that affect welfare and its distribution to consumers.

Keywords: International Trade; American Economic Review; Economic Integration; Custom Union; European Economic Review (search for similar items in EconPapers)
Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-02571-8_5

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DOI: 10.1007/978-1-349-02571-8_5

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