On the different geographic characteristics of Free Trade Agreements and Customs Unions
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文摘
Dynamic farsighted model of preferential trade agreement formation Endogenous choice between Free Trade Agreements (FTAs) and Customs Unions (CUs) Market size and geographic asymmetries drive equilibrium formation of agreements Explain why CUs are only intra-regional while FTAs are inter and intra-regional Various extensions assess the robustness of our key findings

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