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An Ex-Ante Approach to the Profitability of a Customs Union

Author

Listed:
  • Brahim Mansouri

    (Professor-Doctor of Economics, Faculty of Juridical, Economic and Social Sciences, Cadi Ayyad University, Marrakech, Morocco.)

  • Aissam BOUDROUZ

    (PhD Student, Faculty of Juridical, Economic and Social Sciences, Cadi Ayyad University, Marrakech, Morocco.)

Abstract

This paper proposes analytical and prospective approaches to regional integration in the form of a “customs union†. Based on Jacob Viner’s theory of regional integration, stating that customs unions generate either trade creation or trade diversion effects, we have developed an index that measures the profitability of joining a customs union, from an ex-ante perspective. The derived index aspires to determine whether joining a customs union will produce trade creation or trade diversion effects for a country member. It can then serve as a reliable tool for policymakers who design and implement trade policies.

Suggested Citation

  • Brahim Mansouri & Aissam BOUDROUZ, 2024. "An Ex-Ante Approach to the Profitability of a Customs Union," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(8), pages 3272-3280, August.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:8:p:3272-3280
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    References listed on IDEAS

    as
    1. Mordechai E. Kreinin, 1964. "On the Dynamic Effects of a Customs Union," Journal of Political Economy, University of Chicago Press, vol. 72(2), pages 193-193.
    2. Bela Balassa & Ardys Toutjesdijk, 1975. "Economic Integration Among Developing Countries," Journal of Common Market Studies, Wiley Blackwell, vol. 14(1), pages 37-55, September.
    3. Krauss, Melvyn B, 1972. "Recent Developments in Customs Union Theory: An Interpretive Survey," Journal of Economic Literature, American Economic Association, vol. 10(2), pages 413-436, June.
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