Asymmetric Economic Integration Size Characteristics of Economies, T
This book investigates whether the effects of economic integration differ according to the size of countries.The analysis incorporates a classification of the size of countries, reflecting the key economic characteristics of economies in order to provide
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Snorri Thomas Snorrason
Asymmetric Economic Integration Size Characteristics of Economies, Trade Costs and Welfare
Snorri Thomas Snorrason Management School Department of Economics Lancaster University Lancaster United Kingdom
ISSN 1431-1933 ISBN 978-3-7908-2860-3 ISBN 978-3-7908-2861-0 (eBook) DOI 10.1007/978-3-7908-2861-0 Springer Heidelberg New York Dordrecht London Library of Congress Control Number: 2012942471 # Springer-Verlag Berlin Heidelberg 2012 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Physica-Verlag is a brand of Springer Springer is part of Springer-ScienceþBusiness Media (www.springer.com)
To the memory of my father Snorri G. Gudmundsson
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Preface
Asymmetric economic integration refers to integration between partners of different sizes. The primary objective of this book is to investigate asymmetric integration – the extent to which the effects differ as a result of economic integration taking place between partner countries of different sizes. The general literature on preferential trade areas assumes that small countries gain more from economic integration than large countries because of positive scale effects and reduced trade costs. This literature, however, makes no attempt to define country size or develop any definite classification of
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