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The theory of transfers in a multilateral world: The customs union case

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Published in International Trade Journal. 1987, vol. 2, no. 2, p. 173-192
Abstract This article investigates the effects of a transfer between two countries participating in a customs union. This analysis yields very paradoxical results which differ from the conclusions obtained by the traditional literature which has been developed in a two-country framework or in a multilateral world but with universal free trade. The compensation scheme adopted by the authorities of the customs union may create an overall terms of trade deterioration and induce an impoverishment for both member countries. Thus, transfers may not be an adequate instrument to redistribute the gains of economic integration between the members of a free trade association.
Keywords Customs unionsFree tradeTerms of tradeInternational economic integrationCommercial policySecond best (Economic theory)
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FLÜCKIGER, Yves. The theory of transfers in a multilateral world: The customs union case. In: International Trade Journal, 1987, vol. 2, n° 2, p. 173-192. https://archive-ouverte.unige.ch/unige:102828

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Deposited on : 2018-03-09

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