Construct · 1 fields · 1 citations

Kemp-Wan theorem: a standalone construct

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Kemp-Wantheorem1 CONSTRUCTKemp-Wan theoremKEMP · INTERNATIONAL ECONOMICS

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International economics

the result that any group of countries can form a customs union, with a suitably chosen common external tariff and transfers, that leaves no member or outsider worse off.

In international economics, Kemp-Wan theorem refers to the result that any group of countries can form a customs union, with a suitably chosen common external tariff and transfers, that leaves no member or outsider worse off. This meaning comes from Kemp (1976) in Journal of International Economics.[1]

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Nearby constructs

form4 fields · 7 citationsjingle · one word, four constructsgroup4 fields · 4 citationsjingle · one word, four constructstariff1 fields · 1 citationsanchor · a standalone construct

References

  1. Kemp, M. C., & Wan, H. Y. (1976). An elementary proposition concerning the formation of customs unions. Journal of International Economics, 6(1), 95-97. https://doi.org/10.1016/0022-1996(76)90025-8

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