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Abstract

Petith (1977), utilising an extended theoretical structure of Mundell’s (1964) framework, attempted an empirical evaluation of the terms of trade (t/t) effects of European economic integration. He concluded that the t/t gains seemed likely to have been one of the major effects of the creation of BENELUX, the EC and EFTA.

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© 1989 Ali M. El-Agraa

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El-Agraa, A.M. (1989). Estimating the Effects of Integration on the Terms of Trade. In: The Theory and Measurement of International Economic Integration. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10203-7_13

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