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Preferential trading arrangements and industrial location

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This paper considers the location effects of geographically discriminatory trade policy. A preferential move towards a customs union pulls industry into the integrating countries. When internal barriers fall below some critical level, input-output links between imperfectly competitive firms lead some customs union countries to gain industry at the expense of others. A hub- and-spoke arrangement favours location in the hub, with better reciprocal access induces agglomeration in the hub and may trigger disparities between the spokes.

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en

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application/pdf

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http://eprints.lse.ac.uk/2151/1/Preferential_Trading_Arrangements_and_Industrial_Location.pdf

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