Citation

Discussion Paper Details

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Title: Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA

Author(s): Tamim Bayoumi and Barry Eichengreen

Publication Date: November 1995

Keyword(s): Customs Unions and Gravity Model

Programme Area(s): International Macroeconomics

Abstract: This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EEC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably that of the EEC in the 1960s.

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Bibliographic Reference

Bayoumi, T and Eichengreen, B. 1995. 'Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1294