Toward a General Theory of Customs Unions for Developing Countries

Cooper, Charles; Massell, Benton F.

doi:10.1086/259070

Cited by 110 publications

(52 citation statements)

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“…Balassa (Balassa, 1962) and Cooper and Massell (Cooper and Massell, 1965) are the first researchers that introduce the concept of the dynamic effects of economic integration, which adds a new dimension to the research in this area. Balassa defines the main dynamic effects of integration: "large-scale economies, technological change, as well as the impact of integration on market structure and competition, productivity growth, risk and uncertainty, and investment activity" (Balassa, 1961, p.117).…”

Section: Dynamic Analysismentioning

confidence: 99%

Economic Determinants of Regional Integration in Developing Counties

Marinov¹

2015

IJoBM

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IISES is an independent non-profit institution founded to promote research and disseminate knowledge. Its goal is to faciliate communication and open discussion between scholars, researchers and practitioners interested in social and economic sciences. Our conferences give opportunities for people to meet, exchange ideas and present their results of scientific research.The IISES and the Faculty of Economics, University of Economics, Prague, organize annually Economics and Finance Conferences in various venues worldwide and publish four academic journals that are freely available online and contain the latest scietific research papers.

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Section: Dynamic Analysismentioning

confidence: 99%

Economic Determinants of Regional Integration in Developing Counties

Marinov¹

2015

IJoBM

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“…Another study that modified Viner's work is a study by [13] they argued that welfare effects arising from a customs union had to take into account a tariff reduction component and a pure trade diversion component. The rationale was that a tariff reduction component directly affected consumer surplus, meaning that if a tariff reduction was larger than the pure trade diversion component, then the formation of a customs union would be beneficial and the reverse was true.…”

Section: Theoretical Literature On Trade and Revenue Effectsmentioning

confidence: 99%

“…In summary trade liberations can be fully estimated by trade creation and trade diversion effects as proposed by [13] and [7] who proposed that trade liberalization effects from tariff reduction can be estimated by terms of trade effects. While [14] and [15] proposed that trade liberalization effects can be estimated by trade effects and economies of scale.…”

Section: Theoretical Literature On Trade and Revenue Effectsmentioning

confidence: 99%

Uganda’s Trade and Revenue Effects with the EAC Countries, DRC and Sudan

Samuel¹

2015

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A WITS partial equilibrium model is used to perform simulations on Uganda's trade and revenue effects with the EAC countries, DRC and Sudan using highly disaggregated HSC six-digit level trade data. At the zero percent tariff rate, tariff revenue effects in all country cases were small. At the 25 percent tariff rate, tariff revenue effects in all country cases simulated were large. This indicates that the revenue implications of changes of applied rates depend on the applied tariff rate on imports. High tariff rates show larger revenue effects, while low tariff rates show lower revenue effects. However higher tariff rates show lower trade volumes and lower tariff rates high trade volumes.

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“…In addition, some theoretically accepted trade promoting attributes may have become more effective with the implementation of SAFTA. High potential in intra-regional trade because of unexplored trade opportunities (Hassan, 2001), abundance of factors of production especially labour, similar demand structures (Kemp 1969;Linder, 1961), huge consumer base (Gehrels, 1956;Lipsey, 1957), implementation of SAFTA with gradual tariff reductions (De Melo, Panagariya, & Rodrik, 1993;Lipsey & Lancaster, 1956), and ever improving terms of trade (Cooper & Massell, 1965a, 1965b are some of these factors that enhance the potentiality of SAFTA. Yet, prevailing inter-state political disputes and inner state conflicts within the region tend to hinder intra-regional trade (Bhattacharya & Das, 2009;Hassan, 2001;Moinuddin, 2013;Moktan, 2008).…”

Section: Introductionmentioning

confidence: 99%

Is SAFTA Desirable? Evidence from Static Theory

et al. 2017

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South Asian Free Trade Area (SAFTA) depicts a huge potentiality in expanding intra-regional trade leading to a net trade creation for the region. Yet, prevailing inter-state political disputes and inner-state conflicts within the region tend to hinder intra-regional trade. Lack of prior studies that concentrate on these political factors when assessing the desirability of South Asian trade agreements motivates the present study. Thus, this study investigates the trade creation and trade diversion effects of SAFTA after controlling for political factors. In this regard, an augmented gravity model is employed over the period 2003 to 2013. Static linear panel estimation methods of pooled ordinary least square, random effects, and fixed effect methods are used in arriving at the results. Results confirm the desirability of SAFTA with the presence of significant intra-bloc and extra-bloc trade expansions. Further, SAFTA shows a significant anticipation effect as trade expansions are significant even prior to its implementation and they continued to be significant until 2012. Also, this study empirically confirms the deleteriousness of the region's political factors in expanding trade.

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Toward a General Theory of Customs Unions for Developing Countries

Cited by 110 publications

References 0 publications

Economic Determinants of Regional Integration in Developing Counties

Economic Determinants of Regional Integration in Developing Counties

Uganda’s Trade and Revenue Effects with the EAC Countries, DRC and Sudan

Is SAFTA Desirable? Evidence from Static Theory

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