Intra SAARC trade seems to be quite of a small order of magnitude. This might be because of normal outcome or because of unexplored trade opportunity. If the latter is the case, then increased trade within this region might be welfare improving. This study attempts to make a formal analysis of...

Unlike previous studies on the North American Free Trade Agreement (NAFTA), which examined either trade or income effects by using forecasted trade values, this paper investigates the impact of NAFTA on both bilateral trade and income of each member country - US, Canada, and Mexico - by using...

This paper revisits Mehanna’s (2004) assessment of the viability of the future project of the Gulf Monetary Union (a goal set for 2010) while examining member countries over three time periods: (1) 1990-1999; (2) 2000-2006; and (3) average period 1990-2006. It follows the theory of Optimum Currency...