Regional economic integration and article XXIV of the GATT

Junichi Goto, Koichi Hamada

研究成果: Article査読

10 被引用数 (Scopus)

抄録

This paper studies the economic impact of regionalism under the realistic assumptions of constant tariffs and asymmetric bloc formation. As an extension of the Krugman framework, the impact is decomposed into several components, each of which has a clear economic implication. Economic integration definitely worsens outsiders' welfare even if the external tariffs of the bloc are unraised. Bloc members' welfare first increases with the expansion of the bloc; but when about half of the world is united into the bloc, welfare begins to decrease. Simulation results shed some light on the incentive structure of major participants, who face various configurations of regional integration.

本文言語English
ページ(範囲)555-570
ページ数16
ジャーナルReview of International Economics
7
4
DOI
出版ステータスPublished - 1999 11

ASJC Scopus subject areas

  • 地理、計画および開発
  • 開発

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