Since the mid-1980s, most countries, especially the developing, have become more open to foreign direct investment (FDI) aiming to benefit from its fiscal development contributions, as countries with a high level of investment systematically achieve higher levels of development. Accordingly,...

Why are trade agreements regional? I address this question in a model of oligopoly featuring product variety. Tariffs have the effect of manipulating a country's terms of trade and shifting profits towards the domestic market at the expense of foreign trade partners. Countries endogenously form...

We analyze the influence of newly constructed globalization measures on regional growth for the EU-27 countries between 2001 and 2006. The spatial Chow-Lin procedure, a method constructed by the authors, was used to construct on a NUTS-2 level a complete regional data for exports, imports and...