Bulletin n. 2/2007 | ||
October 2007 | ||
Kemp Murray C. |
||
Normative comparisons of customs unions and other types of free trade association | ||
in European Journal of Political Economy , Volume 23, Issue 2, June 2007 , 2007 | ||
In the present paper it is shown that the Kemp–Wan proposition concerning customs unions can be extended to cover free trade associations other than customs unions and that sense can be made of the common conjecture that a customs union is more beneficial or less harmful to the world economy than a comparable but distinct free trade association that is not also a customs union. | ||