A Second Elementary Proposition Concerning the Formation of Customs Unions

Murray C. Kemp · Koji Shimomura

241 citations0/0 files storedRePEc: Research Papers in Economics

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Global trade and economics Economic Growth and Productivity Economic Policies and Impacts

Abstract

The conclusions of the 1976 Kemp-Wan proposition are shown to be substantially valid even if all tariff vectors, both pre-union and post-union, are optimally chosen.

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