Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA
Summary:
This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EEC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably that of the EEC in the 1960s.
Series:
Working Paper No. 1995/109
Subject:
Customs unions Econometric analysis Foreign exchange Gravity models International trade Plurilateral trade Purchasing power parity Trade agreements
Notes:
Revised version of paper presented at the Sixth Annual East Asian Seminar on Economics, Seoul, Korea, June 15-17, 1995.
English
Publication Date:
November 1, 1995
ISBN/ISSN:
9781451853155/1018-5941
Stock No:
WPIEA1091995
Pages:
31
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