Since the end of the Second World War, economic integration has been regarded as being one of the most important global economic policies. Its relevance has not diminished and most countries, especially those that are developing, consider it to be a long-term strategy. Integration is present in...

Extending Krugman’s (1991) economic geography model, this paper examines the stability of an industrial structure resulting from the production shifting-in effect of the formation of regional trade agreements. This paper claims that nonhigher external trade costs against non-member countries...

We investigate the effects of 12 major Regional Trade Agreements (RTAs) on intraand extra-regional trade flows in member developing countries, both intra-RTA trade and the effect of RTAs on non-member trade over 1981~2008. We address and resolve statistical problems caused by logarithms, zero...

This paper is exploring the impact on the two proximate economies, Korea and China, of China’s accession to the World Trade Organization. We try to figure out how the aggregate effects, export performance, domestic production, and flows of foreign direct investments can be affected by this...

This study offers an empirical microlevel analysis of the pass-through effects of the East African Community Common External Tariff on consumer prices in Kenya. Using data from the Kenya Integrated Household Budget Surveys conducted in 2005 and 2015, this research employs a fixed-effects model...

The economic implications and the income distribution effects of the customs union (CU) between Turkey and the European Union (EU) have been studied by applying a general equilibrium model to the Turkish economy under alter - native hypotheses for the labour market. The numerical results show...

In this paper we use a gravity model in order to estimate the magnitude of potential trade flows between Greece and nine Balkan countries. We adopt a two stage approach. At the first stage the coefficients of the gravity model for the implemented trade between Greece and thirty trade partners...

This paper shows that preferential trade agreements can emerge in an endogenous way. We use a simple international trade model where govern - ments fix their tariffs in order to maximize social welfare. We find that when countries behave in a non co-operative way this performance leads to tariff...

We evaluate the potential dynamic effects of MERCOSUR on the Argentinean economy. Two approaches, already used with other regional integration agreements, are applied for measuring medium and long-term effects. Special care has been taken in separating intra from extra zone effects. All...

Accompanying the wave of liberalization in motion since the mid 1980s, trade complementarity and its underlying structure of comparative advantage have started to dictate the directions of international trade flows. The vibrant FDIexport- led Asian growth has revealed the role of FDI as a...