Show simple item record Gancia, Gino A. Ponzetto, Giacomo A. M. Ventura, Jaume 2020-06-17T08:27:02Z 2020-06-17T08:27:02Z 2020
dc.identifier.citation Gancia G, Ponzetto GAM, Ventura J. A theory of economic unions. Journal of Monetary Economics. 2020 Jan;109:107-27. DOI: 10.1016/j.jmoneco.2019.11.007
dc.identifier.issn 0304-3932
dc.description.abstract After decades of successful growth, economic unions have recently become the focus of heightened political controversy. To understand why, we develop a theoretical model of the effects on trade, income distribution and welfare of economic unions that differ in size and scope. Our model shows that political support for international unions can grow with their breadth and depth provided member countries are sufficiently similar. However, dif- ferences in economic size and factor endowments can trigger disagreement over the value of unions. Our model is consistent with some salient features of the process of European integration and statistical evidence from survey data.
dc.description.sponsorship We acknowledge financial support from the Centre de Recerca en Economia Internacional (CREI), through the European Research Council (ERC), under the European Union’s Horizon 2020 Programme, Grant Agreements 693512 (“Globalization, Economic Policy and Political Structure”) and 714905 (“Citizens, Institutions and Globalization”), the Spanish Ministry of Economy and Competitiveness (grants RYC-2013-13838 and SEV-2015-0563), the Generalitat de Catalunya through the CERCA program, and the Leverhulme Trust through a 2019 Research Fellowship.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Elsevier
dc.relation.ispartof Journal of Monetary Economics. 2020 Jan;109:107-27. DOI: 10.1016/j.jmoneco.2019.11.007
dc.rights © 2019 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license. (
dc.title A theory of economic unions
dc.type info:eu-repo/semantics/article
dc.subject.keyword Economic unions
dc.subject.keyword Non-tariff barriers
dc.subject.keyword European integration
dc.relation.projectID info:eu-repo/grantAgreement/EC/H2020/693512
dc.relation.projectID info:eu-repo/grantAgreement/EC/H2020/714905
dc.relation.projectID info:eu-repo/grantAgreement/ES/1PE/SEV-2015-0563
dc.rights.accessRights info:eu-repo/semantics/openAccess
dc.type.version info:eu-repo/semantics/publishedVersion


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