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  • Tamim Bayoumi and Barry Eichengreen, Regionalism versus Multilateral Trade Arrangements (University of Chicago Press, 1997), chap. 6, https://www.nber.org/books-and-chapters/regionalism-versus-multilateral-trade-arrangements/regionalism-simply-diversion-evidence-evolution-ec-and-efta.

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This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first...

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