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Will a Regional Bloc Enlarge?, Giorgia Albertin

Abstract
This paper investigates whether a regional bloc would enlarge or remain stagnant in size using a model where enlargement is the endogenous outcome of the interaction between the supply of and demand for membership. We show that a maximum size of the bloc exists beyond which the regional policy-maker will be unwilling to enlarge further, and that either the supply side or the demand side of membership might be binding in the determination of the equilibrium size of the bloc. Furthermore, we analyze how the deepening of integration within a regional bloc affects its width. We show that deeper integration may lead to wider integration when the demand side of membership is binding in the determination of the equilibrium size of the bloc, while the equilibrium size of the bloc will be unaffected when the supply side of membership is binding
Table Of Contents
Contents; I. Introduction; II. The Basic Model; III. The Equilibrium; IV. The Supply Side of Membership; A. The Socially Optimal Choice of Trade Policy; B. Lobbying: Pro or Anti-enlargement Force?; C. The Supply-Side Political Equilibrium; V. The Demand Side of Membership; Figures; 1. The Supply-Side Political Equilibrium; 2. The Demand-Side Political Equilibrium; VI. The Equilibrium Size of the Regional Bloc; 3. The Equilibrium Size of the Regional Bloc: Binding Supply Side; VII. Does Deeper Integration Mean Wider Integration?; A. Implications for the Supply Side of Membership
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (35 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780145191085

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