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
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Englisch
- Bibliographic citation
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Series: Working paper ; No. 6-2004
- Classification
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Wirtschaft
Economic Integration
- Subject
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Trading clubs
non-preferential tariff reform
Kemp-Wan-Ohyama proposition
- Event
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Geistige Schöpfung
- (who)
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Raimondos-Møller, Pascalis
Woodland , Alan D.
- Event
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Veröffentlichung
- (who)
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Copenhagen Business School (CBS), Department of Economics
- (where)
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Frederiksberg
- (when)
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2006
- Handle
- Last update
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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