Regionalism and the Rest of the World: The Irrelevance of the Kemp-Wan Theorem

L. Winters

No 1316, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Many commentators purport to use the Kemp-Wan Theorem to discuss the effects of regional integration schemes on non-member countries, and to operationalize the theorem in terms of the share of member countries' imports from non-members. This paper shows that Kemp and Wan (1976) say nothing about changes in non-member welfare and that the latter is more closely related to non-members' imports than to their shares of members' markets. The paper suggests that a new approach to this issue is required.

Keywords: Kemp-Wan Theorem; Regional Integration; Terms of Trade (search for similar items in EconPapers)
JEL-codes: F13 F15 (search for similar items in EconPapers)
Date: 1996-01
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Citations: View citations in EconPapers (1)

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Related works:
Chapter: REGIONALISM AND THE REST OF THE WORLD: THE IRRELEVANCE OF THE KEMP-WAN THEOREM (2015)
Journal Article: Regionalism and the Rest of the World: The Irrelevance of the Kemp-Wan Theorem (1997)
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