We examine whether financial sector integration leads to real sector integration through trade. Our conjecture is that … banking integration between two regions leads to higher trade flows between them. In our stylized model, this happens because … trade flows is due to actual bank integration following deregulation: based on instrumental variables estimates, we …

Broadly speaking, European integration affects growth by stimulating the accumulation of physical capital and …/or knowledge capital (i.e. technology). This paper surveys existing empirical work on integration and growth concluding that there … integration has substantially liberalized European trade, we conclude that it has promoted European growth. We find much less …

advantage. As a consequence, integration between low income countries tends to lead to divergence of member country incomes …

theory. This framework is used to explore the long-run general equilibrium effects of regional integration (preferential …

of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance …. This trade integration measure is consistent with a broad range of recent trade models including the Anderson and van … such as Technical Barriers to Trade. Trade integration is generally lower for countries that opted out of the Euro or did …