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Does Mercosur's trade performance raise concerns about the effects of regional trade arrangements? (Inglês)

A concern about regional trade arrangements (RTAs) is whether the discriminatory trade barriers applied to RTAs encourage high-cost imports from member countries at the expense of nonmember lower-cost goods. RTA impact evaluations have been hampered by a lack of appropriate empirical procedures for assessing their influence on trade level and direction. The author employs a new index for analyzing the static trade effects of an RTA. He examines export...
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