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British Imports of Manufactures and the Common Market
This paper assesses the impact of Britain's accession to the EEC on her imports of manufactures. It argues that account must be taken of the substitutability of imports for home production, and that price effects must be modelled consistently. It applies Deaton and Muellbauer's ¿Almost Ideal Demand System¿ to annual data on UK home sales and imports from ten sources. It identifies considerable trade creation, but little or no trade diversion.
History
Publication status
- Published
Journal
Oxford Economic PapersISSN
0030-7653Publisher
Oxford University PressIssue
1Volume
36Page range
103-118Pages
16.0Department affiliated with
- Economics Publications
Notes
No DOIFull text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
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