Robinson, Sherman; Thierfelder, Karen - International Food Policy Research Institute (IFPRI) - 1999
The debate over the impact of regional trade agreements (RTAs) on world welfare hinges upon (1) whether they are net …, in many cases, there is no absolute aggregate trade diversion from an RTA. The models also indicate that welfare for all … members — both current and potential — increases when RTAs expand. There are even bigger welfare gains when models incorporate …