Resource title

Non-Preferential Trading Clubs

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Resource description

This paper examines the welfare implications of non-discriminatorytariff reforms by a subset of countries, which we term a non-preferential tradingclub. We show that there exist coordinated tariff reforms, accompaniedby appropriate income transfers between the member countries, that unambiguouslyincrease the welfare of these countries while leaving the welfare ofnon-members unaltered. In terms of economic policy implications, our resultsshow that there exist regional, MFN-consistent arrangements that leadto Pareto improvements in world welfare.JEL code: F15.Keywords: Trading clubs, non-preferential tariff reform, Kemp-Wan-Ohyama proposition.

Resource author

Pascalis Raimondos-Møller, Alan D. Woodland

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Resource publish date

Resource language

eng

Resource content type

application/pdf

Resource resource URL

http://hdl.handle.net/10398/7540

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