Asymmetric Economic Integration

1. Front Matter

   Pages i-xx

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2. Introduction

   • Snorri Thomas Snorrason

   Pages 1-8

3. The Theory of Trade Agreements, Economic Integration, Size of Economies, Trade Costs and Welfare

   • Snorri Thomas Snorrason

   Pages 9-46

4. An Empirical Analysis of the Size Characteristics of Economies

   • Snorri Thomas Snorrason

   Pages 47-74

5. An Empirical Analysis of the Impact of Trade Costs on Trade Flows and Welfare: Country Size and PTA Implications

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   Pages 75-104

6. A Cross-Section Analysis of Size Classification and the Effects of Preferential Trade Agreements

   • Snorri Thomas Snorrason

   Pages 105-134

7. A Panel Data Analysis of Size Classification and the Effects of Preferential Trade Agreements

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   Pages 135-156

8. Summary and Conclusions

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   Pages 157-166

9. Appendix

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   Pages 167-192

10. Back Matter

    Pages 193-206

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This book investigates whether the effects of economic integration differ according to the size of countries. The analysis incorporates a classification of the size of countries, reflecting the key economic characteristics of economies in order to provide an appropriate benchmark for each size group in the empirical analysis of the effects of asymmetric economic integration. The formation or extension of Preferential Trade Areas (PTAs) leads to a reduction in trade costs. This poses a critical secondary question as to the extent to which trade costs differ according to the size of countries. The extent to which membership of PTAs has an asymmetric impact on trade flow according to the size of member countries is analyzed by employing econometric tools and general equilibrium analysis, estimating both the ex-post and ex-ante effects of economic integration on the size of countries, using a data set of 218 countries, 45 of which are European. ?

• Economic Integration
• International Trade
• Size of Countries
• Trade Costs
• Welfare

• Management School, Department of Economics, Lancaster University, Lancaster, United Kingdom

  Snorri Thomas Snorrason

Dr. Snorri Thomas Snorrason received his PhD in Economics from Lancaster University, UK, earned his MBA in Organizations & Markets, Finance and Marketing from the University of Rochester, NY and got his BSc in Economics from the University of Iceland.

His main research interests lie in the fields of international trade, microeconomics, regional economics, econometrics, general equilibrium and welfare analysis.

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