This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take into account that participation in higher education is noncompulsory and depends on individual choice. Integration increases (decreases) the incentives to participate in higher...

Preface -- 1 Introduction -- 2 The Theory of Trade Agreements and Economic Integration, Size of Economics, Trade Costs and Economic Welfare -- 3 An Empirical Analysis of the Size Characteristics of Economies -- 4 An Empirical Analysis of the Impact of Trade Costs on Trade Flows and Welfare:...