Is Regionalism Simply a Diversion? Evidence From the Evolution of the EC and EFTA / Tamim Bayoumi, Barry Eichengreen.

By:

Bayoumi, Tamim

Contributor(s):

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w5283.Publication details: Cambridge, Mass. National Bureau of Economic Research 1995.Description: 1 online resource: illustrations (black and white)Subject(s):

Online resources:

Available additional physical forms:

Hardcopy version available to institutional subscribers

Abstract: This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably that of the EC in the 1960s.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w5283 (Browse shelf(Opens below))	Not For Loan

Total holds: 0

Collection: Colección NBER Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	nber w5280 Asia-Pacific Capital Markets: Measurement of Integration and the Implications for Economic Activity /	nber w5281 Would Privatizing Social Security Raise Economic Welfare? /	nber w5282 Consumer Durables and Inertial Behavior: Estimation and Aggregation of (S,s) Rules /	nber w5283 Is Regionalism Simply a Diversion? Evidence From the Evolution of the EC and EFTA /	nber w5284 Macroeconomics Forecasts and Microeconomic Forecasters /	nber w5285 Models of Currency Crises with Self-Fulfilling Features /	nber w5286 Sectoral Solow Residuals /	Next

October 1995.

This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably that of the EC in the 1960s.