Can Bilateralism Ease the Pains of Multilateral Trade Liberalization?

Détails

ID Serval
serval:BIB_5F0765AC2E4B
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Can Bilateralism Ease the Pains of Multilateral Trade Liberalization?
Périodique
European Economic Review
Auteur⸱e⸱s
Cadot O., De Melo J., Olarreaga M.
ISSN
0014-2921
Statut éditorial
Publié
Date de publication
01/2001
Peer-reviewed
Oui
Volume
45
Numéro
1
Pages
27-44
Langue
anglais
Résumé
Using the influence-driven approach to endogenous trade-policy determination, we show how a free-trade agreement (fta) with rules of origin can work as a device to compensate losers from trade liberalization. The fta constructed in this paper is characterized by external tariff structures that are negatively correlated across member countries, ensuring e±ciency gains and, through reduced average protection, compatibility with the multilateral trading system's requirements. It is also politically viable, and we demonstrate that, in the countries concerned, governments are willing to include its formation in the political agenda in spite of the fact that, in equilibrium, political contributions from producer lobbies decline after the agreement.
Mots-clé
Free-trade areas, political economy
Web of science
Création de la notice
19/11/2007 11:29
Dernière modification de la notice
20/08/2019 15:16
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