By employing a simple three-country model in which there are two exporting countries and one consuming country, this paper analyses the consequences of one-country strategic distortion of the objectives of trade policy. It finds that although an exporting country can benefit from strategic...

Administrative and political reorganization is being actively debated even in the mature, stable economies of Western Europe. This paper investigates the possibility of such reorganization being tied to the integration of economic markets. The paper describes the equilibrium of a game where...

The paper deals with specific issues concerning the relationship between regional development strategies and EU integration of the Central and Eastern European Accession Countries (CEECs). In this context the possible role of pre-accession regional development aid and the future interventions by...

This paper assesses the nature and degree of bilateral economic integration preceding and following the implementation of the Canada- U.S. Free Trade Agreement (CUSTA). Various price-based and quantity- based indicators of economic integration are assessed. Results vary depending upon the...

Increasingly, developing countries embrace foreign direct investment (FDI) and simultaneously pursue economic integration with developed countries. Foreign investment is subject to sovereign risk and free trade agreements may serve as a commitment mechanism in order to achieve higher sustainable...

We examine the consequences of increased economic integration between nations within a region. We adopt Krugman’s economic-geography model in which demand linkages can generate agglomeration of manufacturing activity. Manufacturing labour is assumed to be imperfectly mobile between countries....

The paper examines if the seven South Asian countries satisfy the criteria to form an optimal currency area. The empirical part of the paper reveals some positive attributes (such as the existence of positive shocks for major economies like India, Pakistan and Sri Lanka). The paper provides...

En este trabajo hemos analizado los efectos de la progresiva implantación de un acuerdo de libre comercio entre Marruecos y la UE sobre las exportaciones de las CCAA españolas a ese país. También nos interesamos por el efecto de la inmigración marroquí en España sobre dichos intercambios...

The world trading environment has witnessed the proliferation of regional trading arrangements during the last decade. This development was accompanied by the perceived threat that this may bring to the rules-based multilateral trading system. The ASEAN for one have not only reaffirmed their...