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dc.contributor.authorRichardson, Martinen_NZ
dc.contributor.authorWinchester, Nivenen_NZ
dc.date.available2011-04-07T03:06:42Z
dc.date.copyright2006-07en_NZ
dc.identifier.citationRichardson, M., & Winchester, N. (2006). More (or less) on necessarily welfare-enhancing free trade Areas (Economics Discussion Papers Series No. 603). University of Otago. Retrieved from http://hdl.handle.net/10523/1129en
dc.identifier.urihttp://hdl.handle.net/10523/1129
dc.description.abstractThis note considers the extension of the Kemp-Wan theorem on necessarily welfareimproving 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.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/DP_0603.pdfen_NZ
dc.subjectKemp-Wanen_NZ
dc.subjectcustoms unionsen_NZ
dc.subjectfree trade areas. JEL Classification numbers: F13en_NZ
dc.subjectF15en_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleMore (or less) on necessarily welfare-enhancing free trade Areasen_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages26en_NZ
otago.date.accession2006-08-07en_NZ
otago.schoolEconomicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints343en_NZ
otago.school.eprintsEconomicsen_NZ
dc.description.referencesArmington, P.S., 1969, “A Theory of Demand for Products Distinguished by Place of Production.” IMF Staff Papers, 16: 159-76. Dimaranan, B.V. and McDougall, R.A., 2005, Global Trade, Assistance, and Production: the GTAP 6 Data Base. Centre for Global Trade Analysis, Purdue University. Dixit, A., and V. Norman, 1980, Theory of International Trade. Cambridge University Press: Cambridge. Grinols, Earl L., and Peri Silva, 2003, "An Enhancement of Modern Free Trade Area Theory." In Office of Research Working Paper Series, 8. Urbana-Champaign: University of Illinois at Urbana-Champaign. Kemp, Murray C., and Koji Shimomura, 2001, "A Second Elementary Proposition Concerning the Formation of Customs Unions." Japanese Economic Review 52#1, 64-69. Kemp, Murray C., and Henry Y. Jr. Wan, 1976, "An Elementary Proposition Concerning the Formation of Customs Unions." Journal of International Economics 6, 95-97. Ohyama, Michihiro, 2002, "The Economic Significance of the Gatt/WTO Rules." In Economic Theory and International Trade: Essays in Honour of Murray C. Kemp, edited by Alan D. Woodland, 71-85. Cheltenham, U.K.: Edward Elgar. Panagariya, Arvind, and Pravin Krishna, 2002, "On Necessarily Welfare-Enhancing Free Trade Areas." Journal of International Economics 57, 353-67. Richardson, Martin, 1995, "On the Interpretation of the Kemp/Wan Theorem." Oxford Economic Papers 47#4, 696-703. ———, 1995, "Tariff Revenue Competition in a Free Trade Area." European Economic Review 39#7, 1429-37. Rutherford, T.F., 2005. GTAP6inGAMS: The dataset and static model [online]. Ann Arbor, MI. Available at http://www.mpsge.org/gtap6/gtap6gams.pdf [Accessed 29 May 2006].en_NZ
otago.relation.number603en_NZ
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