2002
DOI: 10.1111/1467-8489.t01-1-00057
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Trade liberalisation and regional integration: the search for large numbers

Abstract: We surveyed the empirical literature using multi-country computable general equilibrium (CGE) models to analyse potential and actual regional trade agreements (RTAs). The studies indicate that these RTAs improve welfare, that trade creation greatly exceeds trade diversion, and that they are consistent with further global liberalisation. The welfare gains are bigger when models incorporate aspects of ''new trade theory'' such as increasing returns, imperfect competition, and links between trade liberalisation, … Show more

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Cited by 89 publications
(73 citation statements)
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“…For a more detailed literature review, the reader is directed to any of a number of surveys of various approaches to the study of RTAs, including Panagariya (1999Panagariya ( , 2000, DeRosa (1998), Harrison, Rutherford and Tarr (2003), Robinson and Thierfelder (2002), Scollay and Gilbert (2000), and Lloyd and MacLaren (2004).…”
Section: Survey Of Previous Studiesmentioning
confidence: 99%
“…For a more detailed literature review, the reader is directed to any of a number of surveys of various approaches to the study of RTAs, including Panagariya (1999Panagariya ( , 2000, DeRosa (1998), Harrison, Rutherford and Tarr (2003), Robinson and Thierfelder (2002), Scollay and Gilbert (2000), and Lloyd and MacLaren (2004).…”
Section: Survey Of Previous Studiesmentioning
confidence: 99%
“…In addition, trade creation greatly exceeds trade diversion. For a survey, see Robinson and Thierfelder (1999).…”
Section: Background and Literature Reviewmentioning
confidence: 99%
“…Applications of CGE models to trade policy are numerous. See, for example, Scollay and Gilbert (2000) for a survey of models applied to APEC, Gilbert and Wahl (2002) for the case of Chinese trade reform, Bekkers and Rojas-Romagosa (2016) for the TTIP, and Robinson and Thierfelder (2002) and Lloyd and MacLaren (2004), for more general overviews of CGE simulation of regional trade agreements. Also see the metaanalysis approach of Hess and von Cramon-Taubadel (2008).…”
Section: Introductionmentioning
confidence: 99%