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- W1552047515 abstract "In a small open economy model where imports (exports) are differentiated by region of origin (destination), the welfare effects of a preferential trade agreement (PTA) are considered. Trade creation is found to be a concave function of pre-union partner trade shares. This contrasts with earlier results in the homogeneous goods case whereby the smaller the pre-PTA volume of trade with a potential partner the smaller is trade diversion and the more beneficial is a PTA. An applied general equilibrium model of Egypt demonstrates the theoretical findings for a PTA with the European Union. As Egypt's trading patterns are not heavily focused on the EU, gains from a PTA would likely be modest." @default.
- W1552047515 created "2016-06-24" @default.
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- W1552047515 date "1997-01-01" @default.
- W1552047515 modified "2023-09-27" @default.
- W1552047515 title "Is Small Beautiful? Trade Shares and Trade Creation with Differentiated Products" @default.
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