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From a customs union to a common market: the need for factor-tax harmonization
(1992)
Wooton (1988) demonstrates that a movement of a small customs union towardsa common market may result in a welfare loss if the common external tariff rates are not zero. The present paper, building on Wooton's model, ...
Customs Union and the Harris-Todaro Model with International Capital Mobility
(1992)
Traditional customs union theory concludes that trade creation enhances welfare. Thus, Yu's (1982) conclusion that trade creation may decrease welfare in the presence of general unemployment is an important observation. ...
Variable labor supply and the theory of customs union
(1992)
publisher Tokyo This paper reexamines the traditional results of customs union theory in a model where labor supply is variable and wages are taxed. In the absence of wage taxes, trade creation improves welfare while trade ...
Cyprus under the common agricultural policy: the impact effect
(1992)
Cyprus has recently applied for full membership of the European Community (EC). As a member of the Community, Cyprus will experience economic (political) costs and benefits. Examines the static costs and benefits for ...