The Theory of Customs Unions: A General Survey

Lipsey, Richard G.

doi:10.2307/2228805

Cited by 378 publications

(139 citation statements)

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“…This indicates that the direction of trade has shifted from an initial low cost non-member country (country C) to the high cost member country (country B) by generating a trade diversion. For more examples in this regard refer Lipsey (1960) and Hosny (2013).…”

Section: Theoretical Reviewmentioning

confidence: 99%

Is SAFTA Desirable? Evidence from Static Theory

et al. 2017

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South Asian Free Trade Area (SAFTA) depicts a huge potentiality in expanding intra-regional trade leading to a net trade creation for the region. Yet, prevailing inter-state political disputes and inner-state conflicts within the region tend to hinder intra-regional trade. Lack of prior studies that concentrate on these political factors when assessing the desirability of South Asian trade agreements motivates the present study. Thus, this study investigates the trade creation and trade diversion effects of SAFTA after controlling for political factors. In this regard, an augmented gravity model is employed over the period 2003 to 2013. Static linear panel estimation methods of pooled ordinary least square, random effects, and fixed effect methods are used in arriving at the results. Results confirm the desirability of SAFTA with the presence of significant intra-bloc and extra-bloc trade expansions. Further, SAFTA shows a significant anticipation effect as trade expansions are significant even prior to its implementation and they continued to be significant until 2012. Also, this study empirically confirms the deleteriousness of the region's political factors in expanding trade.

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Section: Theoretical Reviewmentioning

confidence: 99%

Is SAFTA Desirable? Evidence from Static Theory

et al. 2017

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“…Competition driven efficiency causes better production, consumers have augmented consumption, business profits increases, producers hire more workers and real income rises for all which leads to greater welfare, overall growth and development (Narendra and Goel, 2014). As countries can enter into larger market due to integration, they can increase their production, which results in economies of scale (Lipsey, 1987). Not only the volume of production but also the amount, quality and mobility of factors of production are improved because of technological and other advantages.…”

Section: Regional Economic Integrationmentioning

confidence: 99%

Are Countries Participating into Regional Integration Performing Better in Growth and Liberalization Than Non-Participators? A Study on European Countries

Bose¹,

Bristy²

2017

IJBM

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This study conducted towards identifying practical scenario of effectiveness of regional integration on indicators of trade liberalization and economic growth. Empirical analysis using secondary yet quantitative data using eight ratio and trend analysis on 49 European countries (28 EU and 21 Non-EU) portrays outcome in favor of regional integration. While EU countries seem to be performing consistently in both the categories, Non-EU countries are lagging behind. This outcome comes in the support of the traditional supports of free trade and integration and declares that trade integration creates both dynamic and static effects and trades (open and participatory) actually benefit all.

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“…By allowing for simultaneous adjustments in related factor and goods markets the model has better forecasting powers than Viner's models. Other studies that have modified Viner's work are studies by [10] [11] he refined the concepts of trade creation and trade diversion by suggesting the inclusion of consumption effects to invalidate Viner's characterization of assigning a positive connotation to trade creation and a negative implication to trade diversion. He argued that it is possible to increase welfare despite having trade diversion.…”

Section: Theoretical Literature On Trade and Revenue Effectsmentioning

confidence: 99%

Uganda’s Trade and Revenue Effects with the EAC Countries, DRC and Sudan

Samuel¹

2015

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A WITS partial equilibrium model is used to perform simulations on Uganda's trade and revenue effects with the EAC countries, DRC and Sudan using highly disaggregated HSC six-digit level trade data. At the zero percent tariff rate, tariff revenue effects in all country cases were small. At the 25 percent tariff rate, tariff revenue effects in all country cases simulated were large. This indicates that the revenue implications of changes of applied rates depend on the applied tariff rate on imports. High tariff rates show larger revenue effects, while low tariff rates show lower revenue effects. However higher tariff rates show lower trade volumes and lower tariff rates high trade volumes.

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The Theory of Customs Unions: A General Survey

Cited by 378 publications

References 0 publications

Is SAFTA Desirable? Evidence from Static Theory

Is SAFTA Desirable? Evidence from Static Theory

Are Countries Participating into Regional Integration Performing Better in Growth and Liberalization Than Non-Participators? A Study on European Countries

Uganda’s Trade and Revenue Effects with the EAC Countries, DRC and Sudan

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