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Separability and the Modelling of Economic Integration: U. K. Exports to Five Industrial Countries

journal contribution
posted on 2023-06-08, 06:13 authored by L. Alan WintersL. Alan Winters
Most models of the allocation of imports over suppliers adopt a two-stage (separable) procedure in which a total imports function is estimated prior to the function allocating imports over suppliers. This procedure is tested for five countries' imports of manufactures and found wanting in four of them. A more general model is proposed and estimated. It is used to estimate the effects of U.K. accession to the EEC on her exports to these countries. Exports to the EEC countries rose, but those elsewhere fell. Overall, accession is shown to have worsened the U.K.'s trade balance and gross output of manufactures.

History

Publication status

  • Published

Journal

European Economic Review

ISSN

0014-2921

Publisher

Elsevier

Issue

3

Volume

27

Page range

335-353

Pages

19.0

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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