Regionalism and the Rest of the World: The Irrelevance of the Kemp-Wan Theorem

Winters, L. Alan (1997) Regionalism and the Rest of the World: The Irrelevance of the Kemp-Wan Theorem. Oxford Economic Papers, 49 (2). pp. 228-234. ISSN 0030-7653

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Abstract

Many commentators purport to use the Kemp-Wan Theorem to discuss the effects of regional integration schemes on non-member countries, and to operationalize the theorem in terms of the share of member countries' imports coming from non-members I show that Kemp and Wan say nothing about changes in non-member welfare and that the latter is more closely related to non-members' imports than to their shares of members' markets I suggest that a new approach to this issue is required

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Economics
Depositing User: L.Alan Winters
Date Deposited: 06 Feb 2012 19:43
Last Modified: 25 Jun 2012 11:38
URI: http://sro.sussex.ac.uk/id/eprint/21880
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