کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
962721 930144 2010 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Bilateralism, multilateralism, and the quest for global free trade
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Bilateralism, multilateralism, and the quest for global free trade
چکیده انگلیسی
We develop an equilibrium theory of trade agreements in which both the degree and the nature (bilateral or multilateral) of trade liberalization are endogenously determined. To determine whether and how bilateralism matters, we also analyze a scenario where countries pursue trade liberalization on only a multilateral basis. We find that when countries have asymmetric endowments or when governments value producer interests more than tariff revenue and consumer surplus, there exist circumstances where global free trade is a stable equilibrium only if countries are free to pursue bilateral trade agreements. By contrast, under symmetry, both bilateralism and multilateralism yield global free trade.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Economics - Volume 81, Issue 1, May 2010, Pages 26-37
نویسندگان
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