Adherents of the "natural trading partner" hypothesis argue that preferential trade agreements (PTAs) are more likely to improve welfare if participating countries already trade disproportionately with each other. Opponents of the hypothesis claim that the opposite is true: welfare gains are likely to be greater if participating countries trade less with each other. The author shows that neither analysis is correct. The "natural trading partner" hypothesis...
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INFORMATION
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1999/08/31
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Document de travail de recherche sur les politiques
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WPS2161
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1
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1
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2010/07/01
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Will the real "natural trading partner" please stand up?
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trading partner
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