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The Economic Effects of Free Trade Agreements

Breinlich, Holger (2018) The Economic Effects of Free Trade Agreements In: Handbook of International Trade Agreements : Country, regional and global approaches. Routledge International Handbooks . Routledge. ISBN 9781857439151

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Abstract

This chapter reviews the literature on the economic effects of reciprocal free trade agreements (FTAs). It discusses the impact of FTAs on trade volumes, firm and labor market outcomes, and on consumer welfare. The broad picture that emerges is one of positive long-run effects, accompanied by often substantial short-run adjustment costs. While some concerns with appropriate measurement remain, FTAs seem to increase trade flows, profitability and economic efficiency. At the same time, however, trade agreements can lead to important wage and employment losses, at least in the short run.

Item Type: Book Section
Divisions : Faculty of Arts and Social Sciences > School of Economics
Authors :
NameEmailORCID
Breinlich, Holgerh.breinlich@surrey.ac.uk
Editors :
NameEmailORCID
Looney, Robert E
Date : 30 August 2018
Copyright Disclaimer : Copyright 2019 The Author
Depositing User : Melanie Hughes
Date Deposited : 04 Sep 2018 16:10
Last Modified : 04 Sep 2018 16:10
URI: http://epubs.surrey.ac.uk/id/eprint/849199

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