Regional Integration as Diplomacy
نویسندگان
چکیده
منابع مشابه
Regional Integration as Diplomacy
Regional integration agreements (RIAs) are examples of second best and have an ambiguous impact on welfare. This paper builds a model where RIAs unambiguously raise welfare by correcting for externalities. It assumes that trade between neighboring countries raises trust between them and reduce the likelihood of conflict. The optimum intervention in that case is a subsidy on imports from the nei...
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ژورنال
عنوان ژورنال: The World Bank Economic Review
سال: 1998
ISSN: 0258-6770,1564-698X
DOI: 10.1093/wber/12.2.271