Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA

This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EEC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably that of the EEC in the 1960s.

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Year of publication:	1995-11
Authors:	Bayoumi, Tamim ; Eichengreen, Barry
Institutions:	C.E.P.R. Discussion Papers
Subject:	Customs Unions \| Gravity Model

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1294
Classification:	F13 - Commercial Policy; Protection; Promotion; Trade Negotiations ; F15 - Economic Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005789060