Regionalism and the Rest of the World: Theory and Estimates of the Effects of European Integration
REVIEW OF INTERNATIONAL ECONOMICS
Posted: 21 Mar 1997
Abstract
There are no satisfactory ex post estimates of the effects of regional integration on excluded countries' welfare. Using a formal decomposition of welfare, this paper discusses the factors that might affect these countries' welfare and aspects of their measurement. It then surveys various ex ante estimates of the effects of European integration. These suggest that neighboring countries linked tightly to the European economy could lose significantly from the latter's integration, but that for other countries the losses are likely to be very small.
JEL Classification: F15
Suggested Citation: Suggested Citation
Winters, L. Alan Alan, Regionalism and the Rest of the World: Theory and Estimates of the Effects of European Integration. REVIEW OF INTERNATIONAL ECONOMICS, Available at SSRN: https://ssrn.com/abstract=4761
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