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- W2129459719 abstract "This paper deals with an issue of increasing importance in a world where preferential trading arrangements are the call of the day: the effects on world welfare of sequential customs union formation. A computational model of customs union formation is developed and simulated under a variety of assumptions. These assumptions concern various characteristics of the world, the pattern of customs union formation, and GATT restrictions on the common external tariff imposed by the customs union. The results show that unrestricted customs union formation is likely to result in successive deterioration of world welfare, despite gains for the member countries collectively. An examination of the current GATT guidelines, however, reveals that if they were more vigorously enforced, the deleterious effects of customs union formation could be eliminated. Address correspondence to: Jon D. Haveman Krannert School of Management Purdue University W. Lafayette, IN 47907-1310 Phone: (317) 494-6156 E-mail: jon @mercury.mgmt. purdue.edu SOME WELFARE EFFECTS OF DYNAMIC CUSTOMS UNION FORMATION Jon D. Haveman June, 1993" @default.
- W2129459719 created "2016-06-24" @default.
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- W2129459719 date "1993-01-01" @default.
- W2129459719 modified "2023-09-27" @default.
- W2129459719 title "Some Welfare Effects of Dynamic Customs Union Formation" @default.
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