TY  - JOUR
AU  - Bayoumi, Tamim
AU  - Eichengreen, Barry
TI  - Is Regionalism Simply a Diversion? Evidence From the Evolution of the EC and EFTA
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5283
PY  - 1995
Y2  - October 1995
DO  - 10.3386/w5283
UR  - http://www.nber.org/papers/w5283
L1  - http://www.nber.org/papers/w5283.pdf
N1  - Author contact info:
Tamim Bayoumi
International Monetary Fund
700 19th Street NW
Washington, DC 20431
E-Mail: tbayoumi@imf.org

Barry Eichengreen
Department of Economics
University of California, Berkeley
549 Evans Hall 3880
Berkeley, CA 94720-3880
Tel: 510/642-2772
Fax: 510/643-0926
E-Mail: eichengr@econ.Berkeley.edu
M1  - published as Tamim Bayoumi, Barry Eichengreen. "Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA," in Takatoshi Ito and Anne O. Krueger, editors, "Regionalism versus Multilateral Trade Arrangements" University of Chicago Press (1997)

AB  - This paper considers the impact on trade of preferential arrangements in Europe since the 1950s.  Using a first difference version of the gravity model, we find that the EC and EFTA altered the pattern of international trade.  We also find evidence of trade diversion in several cases, notably that of the EC in the 1960s.
ER  -