search query: @author Venables, A.J. / total: 4
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| Author: | Venables, A.J. |
| Title: | Winners and losers from regional integration agreements |
| Journal: | Economic Journal
2003 : OCT, VOL. 113:490, p. 747-761 |
| Index terms: | Country comparisons Customs unions Integration Regional planning |
| Language: | eng |
| Abstract: | How are benefits and costs of customs union divided between member countries? Outcomes depend on the comparative advantage of members, relative to each other and relative to the rest of the world. Countries with a comparative advantage between that of their partners and the rest of the world do better than countries with an "extreme" comparative advantage. Consequently, integration between low income countries tends to lead to divergence of member country incomes, while agreements between high income countries cause convergence. |
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