| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5973 |
| DP5973 Euros and Zeros: The Common Currency Effect on Trade in New Goods | |
| Richard Baldwin; Virginia Di Nino | |
| 发表日期 | 2006-12-03 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | This paper analyzes how the sequential formation of free trade areas affects the volume of trade between member countries. In a three--country, three--good model, if two countries have a free trade area, and both sign a similar agreement with the third, trade between the two decreases, and welfare rises in both. However, if only one of them signs an FTA with the third, a hub-and-spoke pattern arises. If the two spokes have a comparative advantage in different goods, trade between the two countries in the initial FTA increases, with welfare rising in the hub and falling in the spoke. We provide evidence consistent with the theoretical model when studying the experience of Israel. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Hub-and-spoke Free trade areas Trade volumes Israel |
| URL | https://cepr.org/publications/dp5973 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534811 |
| 推荐引用方式 GB/T 7714 | Richard Baldwin,Virginia Di Nino. DP5973 Euros and Zeros: The Common Currency Effect on Trade in New Goods. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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