Schiff, Maurice; Winters, L. Alan - C.E.P.R. Discussion Papers - 1997
Security threats have moved neighbouring countries to form regional integration arrangements (RIAs), including the … shows that: i) the optimum external tariffs are likely to decline over time; ii) deep integration implies lower optimum … external tariffs if it is exogenous, and higher optimum external tariffs before deep integration and lower ones thereafter if …