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Asymmetric Economic Integration - Size Characteristics of Economies, Trade Costs and Welfare (Paperback, 2012 ed.)
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Asymmetric Economic Integration - Size Characteristics of Economies, Trade Costs and Welfare (Paperback, 2012 ed.)
Series: Contributions to Economics
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This book investigates whether the effects of economic integration
differ according to the size of countries. The analysis
incorporates a classification of the size of countries, reflecting
the key economic characteristics of economies in order to provide
an appropriate benchmark for each size group in the empirical
analysis of the effects of asymmetric economic integration. The
formation or extension of Preferential Trade Areas (PTAs) leads to
a reduction in trade costs. This poses a critical secondary
question as to the extent to which trade costs differ according to
the size of countries. The extent to which membership of PTAs has
an asymmetric impact on trade flow according to the size of member
countries is analyzed by employing econometric tools and general
equilibrium analysis, estimating both the ex-post and ex-ante
effects of economic integration on the size of countries, using a
data set of 218 countries, 45 of which are European. ?
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