This paper analyzes, in a linear market with two adjacent countries, how firm location and optimal plant size depend on differences in the quality of infrastructures and income levels between countries. The study considers also how a free trade agreement may change, in this context where...

Protection of the Single Market, monetary integration, institutional and pol - icy reform, as well as enlargement are hot topics in the European Union. This article considers only the economic dimension of the enlargement. Five coun - tries with economies in transition (the Czech Republic,...

This study identifies income convergence in Europe over 1960 to 2012. The Great Recession since 2008 reversed the GDP per capita convergence in the EU-15, but the extransition countries have mostly continued to catch up. We found this by analysing the Sigma convergence of GDP per capita in the...

The paper explores the argument that trade between the Mercosur countries should be stimulated by preferential policies because of their geographic proximi - ty. That is, that the Mercosur countries are candidates for “natural” integration. The paper finds that, on average, transportation...

The paper examines Greek external trade following accession to the EU, placing emphasis on the 1990s. Using original disaggregated data we find: (i) Mutually offsetting, stable trade creation/trade diversion in imports from EU and third countries respectively. (ii) No EU effect on exports. These...

Currently, the European Union is negotiating an free trade agreement, called Economic Partnership Agreement (EPA), with Caribbean countries as part of the Cotonou Agreement between the European Union and African, Caribbean and Pacific countries. The paper empirically assesses the impact of the...

This study is motivated by frequent calls to harmonize labor standards across countries, which result from the fear that economic integration (and the accompanying liberalization of trade flows) will lead to an erosion of working conditions, as countries deliberately try to reduce labor...

Organization of the Islamic Conference (OIC) is the second largest intergovernmental organization after UN with its 57 members. OIC accounts for 22.48 percent of world population, 6.64 percent of world GDP, and 9.1 percent of world trade as of 2007. When it comes to having world valuable...

Regional trade arrangements are becoming an increasingly popular vehicle for the promotion of trade and growth. In East Africa the previously defunct East Africa Customs Union has been resurrected to improve trade between Kenya, Tanzania and Uganda. To facilitate the development of the East...

South Asia was slow to adopt regional economic cooperation. The South Asian Association for Regional Cooperation (SAARC), established in 1985, and the creation of the South Asian Free Trade Area (SAFTA) remain a widely discussed policy issue in this region. This study compares the impacts of...