Winners and Losers from the Gradual Formation of Trading Blocs

Inés Macho‐stadler and Licun Xue ()
Authors registered in the RePEc Author Service: Ines Macho-Stadler

Economica, 2007, vol. 74, issue 296, 664-681

Abstract: Although global free trade is efficient, each country's benefit from free trade depends on the path that leads to the global free trade agreement. Using a dynamic model of trading bloc formation, we show that when global free trade is reached gradually the countries that are initially excluded gain less than the rest and may be even made worse off by the final free trade agreement than they were in the initial state of no trading blocs.

Date: 2007
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Citations: View citations in EconPapers (8)

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https://doi.org/10.1111/j.1468-0335.2007.00589.x

Related works:
Working Paper: Winners and losers from the gradual formation of trading blocs (2006)
Working Paper: WINNERS AND LOSERS FROM THE GRADUAL FORMATION OF TRADING BLOCS (2006)
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