Trade Flows and Trade Policy after '1992'

Trade Flows and Trade Policy after '1992'

by L. Alan Winters
     
 

ISBN-10: 0521440203

ISBN-13: 9780521440202

Pub. Date: 01/21/1993

Publisher: Cambridge University Press

This volume offers a major re-appraisal of the effect of completing the European Community's single-market program on trade among EC member states and also on the Community's external trade. Individual chapters assess the effects of "1992" on competition if transport costs and taste differences remain; detailed case studies show that integration has complex effects

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Overview

This volume offers a major re-appraisal of the effect of completing the European Community's single-market program on trade among EC member states and also on the Community's external trade. Individual chapters assess the effects of "1992" on competition if transport costs and taste differences remain; detailed case studies show that integration has complex effects on trade flows and prices and stress the importance of devising a satisfactory international trade policy for the completed market; other chapters estimate the elasticities of demand for imports.

Product Details

ISBN-13:
9780521440202
Publisher:
Cambridge University Press
Publication date:
01/21/1993
Pages:
314
Product dimensions:
6.14(w) x 9.21(h) x 0.94(d)

Related Subjects

Table of Contents

List of figures
List of tables
Preface
List of conference participants
Pt. 1Introduction1
1European trade and welfare after '1992'3
Pt. 2General equilibrium analyses33
2'1992': trade and welfare - a general equilibrium model35
Discussion63
3Global production effects of European integration67
Appendix: Cournot competition in integrated markets86
Discussion89
4The integration of financial services and economic welfare92
Appendix: Calibration116
Discussion118
Pt. 3Modelling market integration - partial equilibrium123
5Market integration, competition, and welfare125
Discussion147
6Pharmaceuticals: who's afraid of '1992'?150
Discussion170
Pt. 4Trade and industrial policy173
7Integration, trade policy and European footwear trade175
Appendix: Additional data and results201
Discussion209
8The long-run value of inflexibility213
Discussion231
Pt. 5Empirical evidence235
9Macroeconomic import functions with imperfect competition: an application to EC trade237
Appendix 1: Sources of the data259
Appendix 2: Derivation of the parameters of the demand system from the Morishima elasticities260
Discussion263
10Bilateral trade elasticities for exploring the effects of '1992'266
Appendix: Estimates of the elasticity of substitution281
Discussion285
Index289

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