Regionalism and the Rest of the World: Theory and Estimates of the Effects of European Integration

REVIEW OF INTERNATIONAL ECONOMICS

Posted: 21 Mar 1997

See all articles by L. Alan Winters

L. Alan Winters

University of Sussex; IZA Institute of Labor Economics; Centre for Economic Policy Research (CEPR)

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

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

L. Alan Alan Winters (Contact Author)

University of Sussex ( email )

Sussex House
Falmer
Brighton, Sussex BNI 9RH
United Kingdom

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

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