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ArtikelNecessarily Welfare-Enhancing Customs Unions With Industrialization Constraints : The Cooper-Massel-Johnson-Bhagwati Conjecture  
Oleh: Bhagwati, Jagdish ; Krishna, Pravin
Jenis: Article from Bulletin/Magazine
Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 9 no. 4 (1997), page 441-446.
Topik: INDUSTRIALIZATION; welfare; customs unions; industrialization
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ47.7
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelThis paper demonstrates that welfare - improving Customs Unions can be guaranteed even if we are constrained by specific non - economic government objectives, thus proving the Cooper - Massell - Johnson - Bhagwati conjecture. We consider a 'production’ objective here, where a member country requires the output of a particular sector (e. g. a target level of industrialization) to be maintained at the pre - union level, and show that welfare - improving Customs Unions can still be achieved. It is straight forward to show that this result can be extended to other non - economic objectives as well.
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