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Title:Welfare analysis of Guatemala in the Central American Common Market: An application of the new international trade theory
Author(s):Scholz, Sibylle
Doctoral Committee Chair(s):Schmidt, Stephen C.
Department / Program:Agricultural and Consumer Economics
Discipline:Agricultural and Consumer Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(s):Economics, Agricultural
Abstract:Traditional theory of customs union predicts an ultimate failure of integration efforts in semi-industrialized regions (SIC). A review of economic literature published during the last ten years suggests that there are new paradigms in international trade which can be applied specifically to the integration process of semi-industrialized regions. These new perspectives give validity to the continuing efforts of integration among SICs.
The efficacy of a regional economic integration schedule for the promotion of economic development of small semi-industrialized countries such as those forming the Central American Common Market is assessed using the SWOPSIM model developed by the United States Department of Agriculture which embeds the Armington assumption of non-homogeneous goods.
Welfare effects derived from economic integration in Central America are larger than welfare effects accrued to Guatemala from bilateral trade agreements with the United States and Europe for the commodities tested.
Issue Date:1991
Rights Information:Copyright 1991 Scholz, Sibylle
Date Available in IDEALS:2011-05-07
Identifier in Online Catalog:AAI9124483
OCLC Identifier:(UMI)AAI9124483

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