Arbeitspapier

Non-Preferential Trading Clubs

This paper examines the welfare implications of non-discriminatory tariff reforms by a subset of countries, which we term a non-preferential trading club. We show that there exist coordinated tariff reforms, accompanied by appropriate income transfers between the member countries, that unambiguously increase the welfare of these countries while leaving the welfare of non-members unaltered. In terms of economic policy implications, our results show that there exist regional, MFN-consistent arrangements that lead to Pareto improvements in world welfare.

Language
Englisch

Bibliographic citation
Series: Working paper ; No. 6-2004

Classification
Wirtschaft
Economic Integration
Subject
Trading clubs
non-preferential tariff reform
Kemp-Wan-Ohyama proposition

Event
Geistige Schöpfung
(who)
Raimondos-Møller, Pascalis
Woodland , Alan D.
Event
Veröffentlichung
(who)
Copenhagen Business School (CBS), Department of Economics
(where)
Frederiksberg
(when)
2006

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Raimondos-Møller, Pascalis
  • Woodland , Alan D.
  • Copenhagen Business School (CBS), Department of Economics

Time of origin

  • 2006

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