TY - JOUR
T1 - Partners to a preferential trade agreement
T2 - implications of varying size
AU - Michaely, Michael
PY - 1998/10/1
Y1 - 1998/10/1
N2 - Most often, the theory of preferential trade agreements assumes a 'small' home country, and a 'large' partner. In this paper, the welfare implications of a small trading partner are examined. A distinction is found between two ranges of size: a country may be just 'small', or be 'ultra-small'. Conventional propositions about the likelihood of a gain or a loss from entering into a preferential agreement would still hold when the partner is 'small'; whereas some of them would have to be reversed when the partner is an 'ultra-small' economy.
AB - Most often, the theory of preferential trade agreements assumes a 'small' home country, and a 'large' partner. In this paper, the welfare implications of a small trading partner are examined. A distinction is found between two ranges of size: a country may be just 'small', or be 'ultra-small'. Conventional propositions about the likelihood of a gain or a loss from entering into a preferential agreement would still hold when the partner is 'small'; whereas some of them would have to be reversed when the partner is an 'ultra-small' economy.
UR - http://www.scopus.com/inward/record.url?scp=0031758731&partnerID=8YFLogxK
U2 - 10.1016/S0022-1996(97)00046-9
DO - 10.1016/S0022-1996(97)00046-9
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AN - SCOPUS:0031758731
SN - 0022-1996
VL - 46
SP - 73
EP - 85
JO - Journal of International Economics
JF - Journal of International Economics
IS - 1
ER -