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2006-04-27
英文文献:The Effect of Bilateral Trade Agreements on World Trade and Price Stability
英文文献作者:Webb, Alan J.
英文文献摘要:
A theoretical model is developed which shows that the aggregate effect of an increase in bilateral trade agreements is an increase in the variability of world prices and trade. For a single country, the model shows that it is to each country's advantage to keep its bilateral commitments from exceeding its expected trade.
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