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The regionalization of the world economy / edited by Jeffrey A. Frankel.

Contributor(s): Material type: TextTextSeries: National Bureau of Economic Research project reportPublication details: Chicago : University of Chicago Press, ©1998.Description: 1 online resource (ix, 285 pages) : illustrationsContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9780226260228
  • 0226260224
  • 1281223417
  • 9781281223418
  • 9786611223410
  • 661122341X
Subject(s): Genre/Form: Additional physical formats: Print version:: Regionalization of the world economy.DDC classification:
  • 337.1 22
LOC classification:
  • HF1418.7 .R447 1998eb
Online resources:
Contents:
Determinants of bilateral trade: does gravity work in a neoclassical world? / Alan V. Deardorff; comment / Jeffrey H. Bergstrand ; Gene M. Grossman -- Role of history in bilateral trade flows / Barry Eichengreen and Douglas A. Irwin; comment / Robert Lawrence ; Paul Wonnacott -- Why do countries seek regional trade agreements? / John Whalley; comment / Eric W. Bond ; Dani Rodrik -- Continental trading blocs : are they natural or supernatural / Jeffrey A. Frankel, Ernesto Stein, and Shang-Jin Wei ; comment / Paul Krugman ; T.N. Srinivasan -- Welfare implications of trading blocs among countries with different endowments / Antonio Spilimbergo and Ernesto Stein; comment / Jon Haveman ; Edward E. Leamer -- Regional patterns in the law of one price : the roles of geography versus currencies / Charles Engel and John H. Rogers; comment / Kenneth A. Froot ; Michael Knetter -- Regionalization of world trade and currencies : economics and politics / Jeffrey A. Frankel and Shang-Jin Wei ; comment / David Hummels ; Philip I. Levy -- Tariff phase-outs : theory and evidence from GATT and NAFTA / Carsten Kowalczyk and Donald Davis; comment / Arvind Panagariya and Robert W. Staiger.
Summary: Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalisation has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements?
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Includes bibliographical references and indexes.

Determinants of bilateral trade: does gravity work in a neoclassical world? / Alan V. Deardorff; comment / Jeffrey H. Bergstrand ; Gene M. Grossman -- Role of history in bilateral trade flows / Barry Eichengreen and Douglas A. Irwin; comment / Robert Lawrence ; Paul Wonnacott -- Why do countries seek regional trade agreements? / John Whalley; comment / Eric W. Bond ; Dani Rodrik -- Continental trading blocs : are they natural or supernatural / Jeffrey A. Frankel, Ernesto Stein, and Shang-Jin Wei ; comment / Paul Krugman ; T.N. Srinivasan -- Welfare implications of trading blocs among countries with different endowments / Antonio Spilimbergo and Ernesto Stein; comment / Jon Haveman ; Edward E. Leamer -- Regional patterns in the law of one price : the roles of geography versus currencies / Charles Engel and John H. Rogers; comment / Kenneth A. Froot ; Michael Knetter -- Regionalization of world trade and currencies : economics and politics / Jeffrey A. Frankel and Shang-Jin Wei ; comment / David Hummels ; Philip I. Levy -- Tariff phase-outs : theory and evidence from GATT and NAFTA / Carsten Kowalczyk and Donald Davis; comment / Arvind Panagariya and Robert W. Staiger.

Print version record.

Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalisation has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements?

English.

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