Towards a Common Market: Factor Mobility in a Customs Union.

This paper examines whether the member countries of a customs union would gain from moving towards the next stage of economi c integration, the common market. When the set of common external tar iffs is not chosen optimally, increased factor mobility may reduce th e welfare of the customs union. However, common market formation is t he best policy when a customs union of any size sets its tariffs to t he appropriate levels.

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Year of publication:	1988
Authors:	Wooton, Ian
Published in:	Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 21.1988, 3, p. 525-38
Publisher:	Canadian Economics Association - CEA

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Extent:	text/html
Type of publication:	Article
Notes:	Published
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005609052