Does a Bilateral FTA Pave the Way for Multilateral Free Trade?

被引：12
|
作者：
Nomura, Ryoichi [1 ]
Ohkawa, Takao [2 ]
Okamura, Makoto [3 ]
Tawada, Makoto [4 ]
机构：
[1] Tokai Univ, Sch Polit Sci & Econ, Hiratsuka, Kanagawa 2591292, Japan
[2] Ritsumeikan Univ, Fac Econ, Kusatsu 5258577, Japan
[3] Ritsumeikan Univ, Dept Econ, Kusatsu 5258577, Japan
[4] Nagoya Univ, Grad Sch Econ, Chikusa Ku, Nagoya, Aichi 4648601, Japan
来源：
REVIEW OF INTERNATIONAL ECONOMICS | 2013年 / 21卷 / 01期
关键词：
AGREEMENTS;
D O I：
10.1111/roie.12028
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We determine whether a bilateral free trade agreement (FTA) acts as a building block for multilateral free trade (MFT) in a three-country model with asymmetric domestic markets. Our main conclusions are as follows: (i) A bilateral FTA between two large countries can act as a building block for MFT; (ii) A bilateral FTA between two small countries acts as a stumbling block for MFT; (iii) This FTA can be Pareto improving when a multilateral trade agreement is not feasible.
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页码：164 / 176
页数：13
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