Journal article
A 3 × 3 model of customs unions
Journal of international economics, Vol.9(3), pp.341-354
08/01/1979
DOI: 10.1016/0022-1996(79)90030-8
Abstract
In this paper we develop a three-country-three-good model of customs unions. The main result is that a sufficient condition for two countries to benefit from forming a customs union is that they are similar in the sense that their mutual trade is small. This result is obtained by analyzing the terms of trade effects rather than the more traditional emphasis on trade creation-trade diversion effects.
Details
- Title: Subtitle
- A 3 × 3 model of customs unions
- Creators
- Raymond Riezman - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Journal of international economics, Vol.9(3), pp.341-354
- DOI
- 10.1016/0022-1996(79)90030-8
- ISSN
- 0022-1996
- eISSN
- 1873-0353
- Publisher
- Elsevier B.V; AMSTERDAM
- Number of pages
- 14
- Language
- English
- Date published
- 08/01/1979
- Academic Unit
- Economics
- Record Identifier
- 9984963203502771
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