Non-preferential Trading Clubs

Pascalis Raimondos-Møller, Alan D. Woodland

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

This paper examines the welfare implications of non-discriminatory tariff reforms by a subset of countries, which we term a non-preferential trading club. We show that there exist coordinated tariff reforms, accompanied by appropriate income transfers between the member countries, that unambiguously increase the welfare of these countries while leaving the welfare of non-members unaltered. In terms of economic policy implications, our results show that there exist regional, MFN-consistent arrangements that lead to Pareto improvements in world welfare.
Original languageEnglish
JournalJournal of International Economics
Volume68
Issue number1
Pages (from-to)79-91
ISSN0022-1996
Publication statusPublished - 2006

Cite this

Raimondos-Møller, Pascalis ; Woodland, Alan D. / Non-preferential Trading Clubs. In: Journal of International Economics. 2006 ; Vol. 68, No. 1. pp. 79-91.
@article{dd4f8b50f8ad11db9160000ea68e967b,
title = "Non-preferential Trading Clubs",
abstract = "This paper examines the welfare implications of non-discriminatory tariff reforms by a subset of countries, which we term a non-preferential trading club. We show that there exist coordinated tariff reforms, accompanied by appropriate income transfers between the member countries, that unambiguously increase the welfare of these countries while leaving the welfare of non-members unaltered. In terms of economic policy implications, our results show that there exist regional, MFN-consistent arrangements that lead to Pareto improvements in world welfare.",
author = "Pascalis Raimondos-M{\o}ller and Woodland, {Alan D.}",
year = "2006",
language = "English",
volume = "68",
pages = "79--91",
journal = "Journal of International Economics",
issn = "0022-1996",
publisher = "Elsevier",
number = "1",

}

Non-preferential Trading Clubs. / Raimondos-Møller, Pascalis; Woodland, Alan D.

In: Journal of International Economics, Vol. 68, No. 1, 2006, p. 79-91.

Research output: Contribution to journalJournal articleResearchpeer-review

TY - JOUR

T1 - Non-preferential Trading Clubs

AU - Raimondos-Møller, Pascalis

AU - Woodland, Alan D.

PY - 2006

Y1 - 2006

N2 - This paper examines the welfare implications of non-discriminatory tariff reforms by a subset of countries, which we term a non-preferential trading club. We show that there exist coordinated tariff reforms, accompanied by appropriate income transfers between the member countries, that unambiguously increase the welfare of these countries while leaving the welfare of non-members unaltered. In terms of economic policy implications, our results show that there exist regional, MFN-consistent arrangements that lead to Pareto improvements in world welfare.

AB - This paper examines the welfare implications of non-discriminatory tariff reforms by a subset of countries, which we term a non-preferential trading club. We show that there exist coordinated tariff reforms, accompanied by appropriate income transfers between the member countries, that unambiguously increase the welfare of these countries while leaving the welfare of non-members unaltered. In terms of economic policy implications, our results show that there exist regional, MFN-consistent arrangements that lead to Pareto improvements in world welfare.

UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=954921349274&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes

M3 - Journal article

VL - 68

SP - 79

EP - 91

JO - Journal of International Economics

JF - Journal of International Economics

SN - 0022-1996

IS - 1

ER -