search query: @indexterm welfare / total: 396
reference: 216 / 396
| Author: | Goto, J. Hamada, K. |
| Title: | Economic Integration and the Welfare of those who are left behind: an incentive-theoretic approach |
| Journal: | Journal of the Japanese and International Economies
1998 : MAR, VOL. 12:1, p. 25-48 |
| Index terms: | ECONOMICS WELFARE INTERNATIONAL |
| Language: | eng |
| Abstract: | This paper analyzes the impact on regional integration on outside countries as well as member countries, using a simple model with product differentiation and increasing return to scale. Major findings include: (i)economic integration surely benefits the member countries but definitely worsens the welfare of the rest of the world even if the integrating countries do not raise the external tariff rates and (ii) incentives emerge for the outside countries to form a countervailing free trade area to compensate for the loss of welfare due to the formation of the original union. |
SCIMA