Different Paths to Free Trade: The Gains from Regionalism
Different Paths to Free Trade: The Gains from Regionalism
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自由贸易的不同路径：区域主义的收益
DOI：
10.1162/003355300555088
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发表时间：
2000
影响因子：
13.7
通讯作者：
C. Freund
中科院分区：
文献类型：
--
作者：
C. Freund
我们将通过扩大区域贸易集团达成的自由贸易与通过多边谈判实现的自由贸易进行比较。有了沉没成本，结果就不同了。即使在达成自由贸易之后，不完全竞争的商品的贸易也会在区域协议的原始成员国之间不成比例地更多地流动。他们从地区主义中获得的福利水平高于从多边贸易中获得的福利水平；然而，非成员国的福利水平较低。一个令人惊讶的结果是，当自由贸易通过区域路径实现时，世界福利会更大。最后，我们用一些与模型一致的来自欧盟的经验证据进行了总结。
We compare free trade reached through expanding regional trading blocs to free trade accomplished by multilateral negotiation. With sunk costs, the outcomes are different. Trade in an imperfectly competitive good flows disproportionately more between the original members of a regional agreement even after free trade is reached. They secure a higher welfare level from regionalism than from free trade achieved multilaterally; nonmembers, however, reach a lower welfare level. A surprising result is that world welfare during free trade is greater when it is achieved by the regional path. We conclude with some empirical evidence from the European Union that is consistent with the model.