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Bilateral versus Multilateral Trade and Investment Liberalisation

Title data

Egger, Peter ; Larch, Mario ; Pfaffermayr, Michael:
Bilateral versus Multilateral Trade and Investment Liberalisation.
In: The World Economy. Vol. 30 (2007) Issue 4 . - pp. 567-596.
ISSN 1467-9701
DOI: https://doi.org/10.1111/j.1467-9701.2007.01005.x

Official URL: Volltext

Abstract in another language

To assess the welfare effects of bilateral versus multilateral trade and/or investment liberalisation in general equilibrium, we set up a three-country and three-factor knowledge-capital model of trade and multinational activity. Numerical simulation results indicate that multilateral liberalisation tends to dominate bilateral liberalisation in welfare terms. A transition economy tends to prefer bilateral over multilateral liberalisation to avoid plant relocation. For similar reasons, a developed country may prefer bilateral over multilateral liberalisation, if the other economies exhibit big relative factor endowment differences.

Further data

Item Type: Article in a journal
Refereed: Yes
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Economics > Lehrstuhl Volkswirtschaftslehre VI: Empirische Wirtschaftsforschung
Faculties > Faculty of Law, Business and Economics > Department of Economics > Lehrstuhl Volkswirtschaftslehre VI: Empirische Wirtschaftsforschung > Lehrstuhl für Volkswirtschaftslehre VI: Empirische Wirtschaftsforschung - Univ.-Prof. Dr. Mario Larch
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Result of work at the UBT: No
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 14 Oct 2015 12:17
Last Modified: 02 May 2016 07:18
URI: https://eref.uni-bayreuth.de/id/eprint/16612