Developments in Trading Patterns in the Common Market and EFTA

M. K. Carney

10 citations0/0 files storedJournal of the American Statistical Association

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Global trade and economics Historical Economic and Social Studies European Union Policy and Governance

Abstract

The European Economic Community (EEC) was created in January, 1958. The European Free Trade Association (EFTA) was organized two years later with the intent to “catch up” within six months. These markets provide instances of two major types of discrimination, namely a customs union and a free-trade area. They have now functioned long enough to permit useful examination of the trading patterns that have developed in the wake of discrimination. The purpose of this article is to examine the trading relations of these two markets between 1960 and 1967 using a particular measure of trading intensity. The concern is changes in trading patterns and their causes rather than the welfare implications of such changes.

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References

1967Trade Creation and Trade Diversion in the European Common Market 1963Statistical Methods for the Preliminary Analysis of Transaction Flows 1968European economic integration and the United States 1967Models of World Trade (Modeles de commerce mondial) (Modelos sobre comercio mundial)1964Trade creation and trade diversion in the Common Market

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