Winners and losers from the gradual formation of trading blocs
Macho Stadler, Inés (Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica)
Xue, Licun (McGill University)

Date:	2007
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.
Grants:	Agència de Gestió d'Ajuts Universitaris i de Recerca 2001SGR-00162 Ministerio de Educación y Ciencia BEC2003-01132
Note:	The previous version of the paper has circulated under the title: "Does free trade benefit all?"
Rights:	Tots els drets reservats.
Language:	Anglès
Document:	Article ; recerca ; Versió acceptada per publicar
Subject:	Formation ; Trading blocs
Published in:	Economica, Vol. 74, Núm. 296 (2007) , p. 664-681, ISSN 0013-0427

DOI: 10.1111/j.1468-0335.2007.00589.x

Postprint 25 p, 576.5 KB

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