Sohn, Chan-Hyun; Lee, Hongshik - In: The World Economy 29 (2006) 12, pp. 1737-1757
The purpose of this paper is to analyse whether FTAs cause the income levels of member economies to converge or diverge. Although existing studies predict the possibility of convergence among FTA members to a certain degree, they fail to provide definitive evidence. By using the concept of...