Partners to a preferential trade agreement: implications of varying size

Michael Michaely

Research output: Contribution to journalArticlepeer-review

11 Scopus citations

Abstract

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.

Original languageEnglish
Pages (from-to)73-85
Number of pages13
JournalJournal of International Economics
Volume46
Issue number1
DOIs
StatePublished - 1 Oct 1998

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