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GTAP Resource #2237

"More (or less) on necessarily welfare-enhancing free trade areas"
by Richardson, Martin and Niven Winchester

This note considers the extension of the Kemp-Wan theorem on necessarily welfare-improving customs unions to free trade areas. It suggests that the value of this extension is undermined by its very rationale – the greater popularity of free trade areas over customs unions for ‘political’ reasons.

Keywords: Kemp-Wan, customs unions, free trade areas.

JEL Classification numbers: F13, F15

Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
Status: Not published
By/In: University of Otago, Economics Dicussion Paper, 0603
Date: 2006
Created: Winchester, N. (12/12/2006)
Updated: Dimaranan, B. (1/17/2007)
Visits: 1,586
- Preferential trading arrangements

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