search query: @indexterm TRADE AGREEMENTS / total: 235
reference: 85 / 235
| Author: | McKibbin, W. |
| Title: | Dynamic adjustment to regional integration: Europe 1992 and NAFTA |
| Journal: | Journal of the Japanese and International Economies
1994 : DEC, VOL. 8:4, p. 422-453 |
| Index terms: | EUROPE TRADE AGREEMENTS |
| Language: | eng |
| Abstract: | Recent research on the gains to trade liberalization, especially in a number of paper by Richard Baldwin, suggests that the static gains to trade liberalization that many economists attempt to measure may be dwarfed by the dynamic gains. One source of these dynamic gains is through capital accumulation. A similar argument can be made regarding the consequences of regional integration. As distortions are removed the effects of aggregate output through dynamic adjustments are likely to be larger than simple static calculations suggest. |
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