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- W1998728319 abstract "This article analyses the welfare implications of the customs unions in the presence of multinational corporations for a less than fully employed small open economy. The traditional two‐sector model, with a specific factor for the multinational corporation, is employed for this purpose. This article suggests that both trade creations I and II improve the social welfare and employment of the small open economy if the multinational sector is relatively capital‐intensive. However, the welfare and the employment effects of trade diversion I are ambiguous whereas trade diversion II affects employment level negatively. These results are in contrast with the previous studies on the theory of customs unions." @default.
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- W1998728319 date "1990-06-01" @default.
- W1998728319 modified "2023-09-26" @default.
- W1998728319 title "Foreign Technology and Customs Unions: Trade Creation and Trade Diversion" @default.
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- W1998728319 doi "https://doi.org/10.1108/eum0000000000147" @default.
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