Partners to a preferential trade agreement: Implications of varying size

• 成果类型: Article
• 署名作者: Michaely, M
• 署名单位: Hebrew University of Jerusalem
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(97)00046-9
• 发表日期: 1998
• 页码: 73-85
• 关键词: preferential trade agreement; small country; Terms of trade; welfare

摘要

Most often, the theory of preferential trade agreements assumes a small home country, and a large partner. In this paper, the welfare implications of a small trading partner are examined. A distinction is found between two ranges of size: a country may be just small, or be ultra-small. Conventional propositions about the likelihood of a gain or a loss from entering into a preferential agreement would still hold when the partner is small; whereas some of them would have to be reversed when the partner is an ultra-small economy. (C) 1998 Elsevier Science B.V. All rights reserved.