This paper investigates the extent of per-capita income convergence in regional integration initiatives. Panel unit root testing is performed on 28 regional groupings. There is evidence of convergence in South- South integration, but this might be taking place to the bottom.

The forthcoming eastern enlargement of the European Union is generally perceived to constitute one of the most significant challenges to the process of European integration so far. The economic impact of the enlargement is likely to be considerable. The enlargement, as any other previous...

This paper aims to evaluate the trade potential of manufactured products between the members of the EU25 in the threshold of its Eastern enlargement. We estimate, for 2002, a cross-section gravity model, whose coefficients will be used to project the “natural” trade relations between them....

This paper estimates the potential effects of a free trade agreement (FTA) between China and Mercosur on poverty, income distribution, welfare and employment. The case of Argentina, in particular, is investigated. To this end, partial equilibrium techniques are combined with micro econometric...

Traditional trade theory emphasizes static gains form trade, whereas the growing literature on endogenous growth is able to explain dynamic gains from trade, i.e., how trade influences economic growth. Empirical studies suggest that dynamic gains are likely to be significantly more important...

An important issue in applied international economics is the extent to which trade flows adjust to changes in economic activity, relative prices, and exchange rates. While there have been numerous studies regarding aggregate trade flows, relatively little empirical work has been completed with...

This paper briefly discusses the possible effects of the introduction of the Euro on Turkish economy. It is mainly based on the analytical framework presented in Kibritcioglu (2001, ewp-mac/0301004). ***** TURKCE KUNYE: Kibritcioglu, A. (2000), 'Euro'nun Türkiye Ekonomisi Üzerindeki Etkileri...

This paper analyses the determinants of inward foreign direct investment (FDI) flows into Turkey from four major geographical regions and at aggregate level with a special emphasis on Turkey’s application to the European Union (EU) to become a full member in 1987. In contrast to previous...

This paper explores the features of a dynamic multisectoral model which focuses on the relationship between income distribution, growth and international specialization. The model is explored both for the steady- state properties and the transitory dynamics of integrated economies. Income...

The forthcoming eastern enlargement of the European Union is generally perceived to constitute one of the most significant challenges to the process of European integration so far. The economic impact of the enlargement is likely to be considerable. The enlargement, as any other previous...