PIECEMEAL VERSUS PRECIPITOUS FACTOR MARKET INTEGRATION

被引:8
作者
DELLAS, H [1 ]
DEVRIES, CG [1 ]
机构
[1] ERASMUS UNIV ROTTERDAM, TINBERGEN INST, 3000 DR ROTTERDAM, NETHERLANDS
关键词
D O I
10.2307/2527361
中图分类号
F [经济];
学科分类号
02 ;
摘要
The effects of the speed of international factor markets integration are studied within a general equilibrium, two country model. It is shown that even in the absence of economic frictions there can be no theoretical presumption regarding the ''optimal'' speed of integration. The paper identifies plausible conditions under which a precipitous pace leads to permanently lower and a piecemeal to permanently higher levels of income in the integrated economy. The analysis offers a justification based on long term economic considerations for piecemeal European Community integration practices such as transition periods, admissions phasing out, and for the precipitous German unification.
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页码:569 / 582
页数:14
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