Haley, M. Ryan; Lowen, Aaron; Chen, Shyh-Wei - In: Economics Bulletin 6 (2008) 34, pp. 1-10
A common result in the trade literature is that a small country will realize gains from a bilateral free trade agreement with a large country. McLaren (1997) casts aspersions on this traditional belief by demonstrating that irreversible investment in the small country, with the possibility of...
