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Implicit trade costs and European Single Market enlargement

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posted on 2005-08-01, 15:03 authored by Huw EdwardsHuw Edwards
A major current issue in the economics trade blocs is where the bloc is not just a customs union, but also incorporates substantial regulatory harmonisation or mutual recognition elements. The derivation of the costs of non-membership of such a bloc is not straightforward. In this paper, I build on the assumption that observed trade patterns can be taken to revewl trading costs, and develop a model-consistent Dixit-Stiglitz general equilibrium-based calibration technique as an alternative to gravity methods previously used....

History

School

  • Business and Economics

Department

  • Economics

Pages

191865 bytes

Publication date

2005-05

Notes

Economics Research Paper, no. 05-04

Language

  • en

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