Regional economic integration through logistics, information network and connectivity improvement can increase the 'virtual size' of an economy as trade with neighboring countries increases. This leads to substantial benefits from scale, network, coordination and agglomeration economies. As is...

Arab countries signed the Greater Arab Free Trade Area (GAFTA) agreement in 1998, while Algeria only joined in 2005. In this study, I investigate the counterfactual trade that Algeria would have had with its GAFTA trade partners had it joined the agreement in 1998. I employ synthetic control...

One of intriguing aspects of African Regional Trade Agreements (RTAs) is the extent of multi-membership, where many Africa countries are members of more than one RTA. Using a gravity model for 25 countries and the years 1980-2006 we measure the extent of multi-membership and compare its impact...

It is well known that high levels of regional integration enable portfolio risk diversification and capital mobility. While there have been a number of empirical attempts to verify the presence of capital mobility using the Feldstein-Horioka (FH) approach, none of them to the best of our...

This paper examines the effects of regional economic integration in Europe , especially the North-North and North-South integration patterns, and how the benefits and costs of integration are divided between countries. Outcomes depend on: comparative advantages, factor endowments, factor...

This book analyzes the status of the markets in Latin America and identifies the technical, political, and financial challenges to building vibrant capital markets and increasing the efficiency benefits of regional economic and financial integration.

Regional economic integration in East Asia is characterized initially as a market-driven process of increased trade and foreign direct investment (FDI) inflows, and eventually by formal arrangements to liberalize trade and integrate economic activities through free trade agreements (FTAs) among...

В статье определены характерные особенности привлечения к процессам международной региональной интеграции стран мира, относящихся к различным типам...

We utilize the Feldstein–Horioka puzzle to investigate the impact of regional integration agreements (AFTA, EU, EFTA, CARTAGENA, MERCOSUR and NAFTA) on the international capital mobility. In doing so, we employed a novel empirical technique i.e. the general to specific (GETS) method of Hendry...