How regional blocs affect excluded countries - the price effects of MERCOSUR (English)

The welfare effects of preferential trading agreements, are most directly linked to changes in trade prices - that is, the terms of trade. The authors use a simple strategic pricing game in segmented markets, to measure the effects of MERCOSUR on the pricing of "non-member" exports to the regional trading bloc. Working with detailed data on unit values, and tariffs, they find that the creation of MERCOSUR is associated with significant declines in...

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Author

Chang,Won;

Winters,L. Alan;
Document Date
1999/08/31
Document Type
Policy Research Working Paper
Report Number
WPS2157
Volume No
1
Total Volume(s)
1
Country
Latin America, Caribbean, Mercosur,
Region
Latin America and Caribbean,
Disclosure Date
2010/07/01
Doc Name
How regional blocs affect excluded countries - the price effects of MERCOSUR
Keywords
price elasticity of demand

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Citation

Chang,Won; Winters,L. Alan.

How regional blocs affect excluded countries - the price effects of MERCOSUR (English). Policy, Research working paper ; no. WPS 2157 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/694541468758375312

How regional blocs affect excluded countries - the price effects of MERCOSUR (English)

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