What's behind Mercosur's common external tariff? / Marcelo Olarreaga, Isidro Soloaga, L. Alan Winters Olarreaga, M. (Marcelo)

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Olarreaga, M. (Marcelo)
MERCOSUR (Organization); Customs unions - Southern Cone of South America.; Tariff - Southern Cone of South America.
"Most researchers focus on the political economy (interest group pressures) approach to analyzing why customs unions are formed, but terms-of-trade effects were also important in formation of the common market of the Southern Cone (Mercosur). Terms-of-trade externalities among Mercosur's members have been internalized in the common external tariff--Cover.
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