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"Could Regional Economic Cooperation Generate Trade Creation and Trade Diversion Effects without affecting Trade Policies of Members ? Preliminary Results from A Gravity Application to BSEC"
The purpose of this paper is to consider the BSEC experience in seeking an answer to whether regional economic cooperation in the broader sense could lead to any trade creation/diversion effects even when the cooperating partners do not liberalize their trade policy among themselves and/or harmonize their policy towards third parties. - 1998 -