A new resolve for both increased economic integration and monetary and exchange rate cooperation has started to emerge in the Association of Southeast Asian Nations (ASEAN), especially since the 1997-1998 Asian financial crisis. According to the optimum currency area theory, the degree of trade...

Recent developments in intra-industry trade (IIT) literature focus on the relationships between IIT and adjustment costs associated with changes in trade pattern. The effects of trade liberalisation depend, inter alia, on whether trade is of an inter-industry or intra-industry nature. The belief...

The objective of the present paper is to examine the behaviorand the structure of the export sector of the economy of Rio Grandedo Norte from 1996 to 2006, and to identify the products of revealedcomparative advantage. The paper also seeks to measure levels ofexport concentration of products and...

The paper analyzes the factors behind the reorientation of transition countries’ exports to their non-traditional partners outside their former block. First, the amount of reorientation is calculated using a gravity model. Then, reasons for the cross-country differences in the rate of closing...

Australian studies have focused on different dimensions of intra industry trade (IIT) between the manufacturing sector and the rest of the world at the disaggregated level, i.e. 1, 2, 3, 4 or 5 digit levels. The current study seeks to complement the existing literature by examining the IIT and...

The increased importance of fragmentation in world trade has created an interest among trade economists to explain the determinants of trade in intermediate goods. A substantial part of trade in intermediates between the US and OECD countries takes the form of intra-industry (IIT). I have...

A decline in governmental distortions to agricultural and other trade since the 1980s hascontributed to economic growth and poverty alleviation globally. But new modeling resultssuggest that has taken the world only three-fifths of the way towards freeing merchandisetrade, and that farm policies...

This paper argues that GDP growth in both developed and developing countries has associated costs that can outweigh the benefits and thus reduce sustainable well-being. This conclusion is based upon the findings of empirical applications of the Genuine Progress Indicator (GPI) to a range of...

Az alkalmazott regressziószámítás korrigált-agregált variációs koefficiensek segítségével és az adatok pontossága mellett megállapítható, hogy a regionalizáció hatására a nemzetgazdaságok közötti gazdasági fejlettségkülönbségek kiegyenlítődnek, és a...

Motivation of virtually all regional economic integration (REI) initiatives has been prospect of enhanced economic growth. Although REI's role in contributing to growth and development was recognised and acknowledged, its importance in Africa has never been properly outlined. Theoretical...