Non-Preferential Trading Clubs

Pascalis Raimondos () and Alan Woodland

No 06-2004, Working Papers from Copenhagen Business School, Department of Economics

Abstract: This paper examines the welfare implications of non-discriminatory tariff reforms by a subset of countries, which we term a non-preferential trading club. We show that there exist coordinated tariff reforms, accompanied by appropriate income transfers between the member countries, that unambiguously increase the welfare of these countries while leaving the welfare of non-members unaltered. In terms of economic policy implications, our results show that there exist regional, MFN-consistent arrangements that lead to Pareto improvements in world welfare.

Keywords: Trading clubs; non-preferential tariff reform; Kemp-Wan-Ohyama proposition (search for similar items in EconPapers)
JEL-codes: F15 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2006-08-28
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (6)

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Journal Article: Non-preferential trading clubs (2006)
Working Paper: Non-Preferential Trading Clubs (2004)
Working Paper: Non-Preferential Trading Clubs (2002)
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