English, Article edition: Scenarios for Trade Integration in the Americas Xinshen Diao; Eugenio Díaz-Bonilla; Sherman Robinson

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Scenarios for Trade Integration in the Americas
Author
  • Xinshen Diao
  • Eugenio Díaz-Bonilla
  • Sherman Robinson
Physical Description
  • article
Notes
  • This paper analyzes two potential trade liberalization scenarios: a Free Trade Area of the Americas (FTAA) and an agreement between MERCOSUR and the European Union (EU). The paper utilizes a world general equilibrium model with some macro elements such as rigidities in wages and exchange rates. The empirical results show that the two regional integration scenarios create trade and increase welfare for the participants (more for the Latin American countries than for either the US or the EU) with little impact on non-participants.
  • Trade; Regional Integration; General Equilibrium Models; Developing Countries
  • RePEc:cii:cepiei:2003-2q-3qb
Language
  • English
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