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This paper examines how free-trade agreements and customs unions affect the location of foreign direct investment (FDI) and social welfare, taking into account that governments may adjust taxes and external tariffs to compete for FDI. Conditions are identified under which a free-trade agreement...
Persistent link: https://www.econbiz.de/10011410658
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This paper examines how free-trade agreements and customs unions affect the location of foreign direct investment (FDI) and social welfare, taking into account that governments may adjust taxes and external tariffs to compete for FDI. Conditions are identified under which a free-trade agreement...
Persistent link: https://www.econbiz.de/10001708612
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an …
Persistent link: https://www.econbiz.de/10003850514
until the advent of NAFTA. Intermediate goods play a key role in the theory of effective protection, the application of …
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