ALBERT — All Library Books, journals and Electronic Records Telegrafenberg

Hits per page

hit 1 - 1 | 1 hit

Select All Export

Unknown

An Economic Theory of GATT (1999)

Bagwell, Kyle ; Staiger, Robert W

American Economic Association

In: American Economic Review. 1999; 89(1): 215-248. Published 1999 Mar 01. doi: 10.1257/aer.89.1.215.

add to mindlist on the mindlist

Details

Publication Date: 1999-03-01

Description: We propose a unified theoretical framework within which to interpret and evaluate the foundational principles of GATT. Working within a general equilibrium trade model, we represent government preferences in a way that is consistent with national income maximization but also allows for the possibility of distributional concerns as emphasized in leading political-economy models. Using this general framework, we establish that GATT's principles of reciprocity and non-discrimination can be viewed as simple rules that assist governments in their effort to implement efficient trade agreements. From this perspective, we argue that preferential agreements undermine GATT's ability to deliver efficient multilateral outcomes. (JEL F02, F13, F15)

Print ISSN: 0002-8282

Electronic ISSN: 1944-7981

Topics: Economics

Published by American Economic Association

	Location	Call Number	Expected	Availability

Others were also interested in ...

PAPER CURRENT

S·F·X

Fulltext

hit 1 - 1 | 1 hit