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| Author: | Olofsdotter, K. Torstensson, J. |
| Title: | Economic integration, market size and the welfare effects of trade liberalization |
| Journal: | Weltwirtschaftliches Archiv
1998 : VOL. 134:2, p. 302-319 |
| Index terms: | ECONOMIC INTEGRATION WELFARE TRADE |
| Language: | eng |
| Abstract: | A rapidly growing number of studies use models with imperfect competition and trade costs to examine issues such as specialisation in production and industrial concentration. In such models, the size of the market becomes of crucial importance. A large home market can give rise to net exports in industries characterised by increasing returns to scale (IRS) and the international location of IRS industries can be of considerable importance for economic welfare. |
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