Is Regionalism Simply a Diversion?: Evidence from the Evolution of the EC and Efta

32 Pages Posted: 15 Feb 2006

See all articles by Tamim Bayoumi

Tamim Bayoumi

International Monetary Fund (IMF); Centre for Economic Policy Research (CEPR)

Barry Eichengreen

University of California, Berkeley; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Multiple version iconThere are 2 versions of this paper

Date Written: November 1995

Abstract

This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EEC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably that of the EEC in the 1960s.

JEL Classification: F13, F14

Suggested Citation

Bayoumi, Tamim and Eichengreen, Barry, Is Regionalism Simply a Diversion?: Evidence from the Evolution of the EC and Efta (November 1995). IMF Working Paper, Vol. , pp. 1-33, 1995. Available at SSRN: https://ssrn.com/abstract=883255

Tamim Bayoumi (Contact Author)

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Centre for Economic Policy Research (CEPR)

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Barry Eichengreen

University of California, Berkeley ( email )

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National Bureau of Economic Research (NBER)

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Centre for Economic Policy Research (CEPR)

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