A positive economic growth is one crucial macroeconomic objective of every nation. Many countries have formed regional as well as international trading blocs in an attempt to enhance economic growth and maximise welfare of each member state, the AFTZ member states are not an exception. This...

Building upon earlier work by Willenbockel (2013; MPRA Paper No.51501), this study provides an extended ex-ante computable general equilibrium (CGE) assessment of the Tripartite Free Trade Agreement between the member states of the Common Market for Eastern and Southern Africa, the East African...

Economic integration theory goes through two development stages each of which addresses the relevant for its time political and economic context The first stage is regarded as classic theory or static analysis and includes the traditional theories of economic integration that explain the...

The era of dominance of centrifugal forces that followed the break-up of the Soviet Union led to disintegration of the majority of the connections among enterprises and branches of the economies of Russia and Uzbekistan. However, the sense of simple economic expediency, geographical proximity,...

Central Asia is a region strategically located in a part of the world which had attracted constantly the attention of superpowers of the world as evidenced by the term the Great Game. The term usually attributed to Arthur Conolly, was used to describe the rivalry and strategic conflict between...

The UNDP (2005) argued that developing a consensus and implementing follow-up action for regional cooperation and integration cannot happen overnight. In view of the many obstacles of history, current politics and institutional weaknesses, and bearing in mind the slow progress with similar...

Notwithstanding there has been voluminous concern among the researchers and policymakers, the theoretical predictions and empirical evidences regarding the impact of economic integration on spatial concentration of industries are ambiguous. The paper critically reviews the theoretical and...

The ASEAN wide economic cooperation under the ‘ASEAN umbrella principle’ is fitting the ASEAN’s ‘open and soft regionalism’ character. It helps ASEAN to achieve a comprehensive trade and investment integration in the short to medium-run and financial integration in the long-run. In...

This paper on bilateral trade talk between Nigeria and India: a recipe seeks to assess the impact of exogenous factors on bilateral trade flows between the two countries. Gravity model of bilateral trade flow with import and export as regressands were estimated with income, exchange rate and...

The European Monetary Union is characterized by a crisis of governance, this has become more evident with the crisis of the euro which has shown the weaknesses of the European institutions and stressed the heterogeneity of member countries. The global financial crisis struck the euro area very...