TY  - BOOK
AU  - Harrison, Glenn W
AU  - Rutherford, Thomas F
AU  - Wooton, Ian
TI  - An alternative welfare decomposition for customs unions
T2  - Canadian Journal of Economics, vol. 26, no. 4 (noviembre 1993), pp. 961-968
KW  - MODELOS ECONOMETRICOS
KW  - COMERCIO INTERNACIONAL
KW  - UNIONES ADUANERAS
KW  - TARIFAS
KW  - COMERCIO MUNDIAL
N2  - We present a means of evaluating the effects of customs-union formation by a decomposition of the overall welfare effect into two components: the consequences of induced changes in domestic prices; and the effects on income of adjustments in tariff rates and endogenous changes in the pattern and volume of trade. A virtue of the proposed decomposition is that it is path independent, providing unambiguous results for analyses of both marginal and discrete changes in trariff rates. This property means that the decomposition may be numerically implemented to provide better insight into the welfare effects of economic integration
ER  -