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2 Publications found…
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Academic Paper 20 July 2022
Divergent Integration
By Ian Wooton et al.
View postSummary Pre-CITP publication
Focusing on non-tariff measures that can constitute barriers to trade and that differ between free-trade agreements (FTAs) and customs unions, this paper investigates the role of rules of origin in restricting market access for nations excluded from a customs union. The authors develop a simple general equilibrium model characterised by trade in intermediate and final products and use this to examine the implications of binding the role of rules of origin in an FTA on market outcomes and the welfare of agents in the economy. They highlight the phenomenon of "induced trade diversion" where the role of rules of origin can result in countries losing from preferential market access.
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Blog post 17 May 2022
Economic Disintegration
By Ian Wooton.
View postSummary CITP publication
Economic Integration is a broad term that encompasses a wide range of policies that promote closer links between the economies of separate countries. Since the UK referendum vote on 23 June 2016 that triggered Brexit, the direction of travel has reversed (at least temporarily) with the first major instance of economic disintegration. We wish to examine how Brexit could affect trade within the UK should there be a majority in a future Scottish independence vote.
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