Is Regionalism Simply a Diversion? Evidence From the Evolution of the EC and EFTA
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 EC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably that of the EC in the 1960s.
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Copy CitationTamim Bayoumi and Barry Eichengreen, "Is Regionalism Simply a Diversion? Evidence From the Evolution of the EC and EFTA," NBER Working Paper 5283 (1995), https://doi.org/10.3386/w5283.Download Citation
Published Versions
Regionalism Versus Multilateral Trade Arrangements, Ito, Takatoshi and Anne Kruger, eds., Chicago: University of Chicago Press, 1998.
Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA, Tamim Bayoumi, Barry Eichengreen. in Regionalism versus Multilateral Trade Arrangements, Ito and Krueger. 1997
Tamim Bayoumi & Barry J. Eichengreen, 1995. "Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA," IMF Working Papers, vol 95(109).
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