Do trade integration and fiscal competition contribute to shape the economic landscape? The answer is yes. This paper uses a theoretical model and an econometric analysis of Brazilian regional manufacturing employment data over the period 1990-1998 to address this question. Brazil is a natural...

A transport infrastructure investment as any kind of transport initiative has an impact on the monetary cost, time cost, efficiency and quality of transportation of goods and people. Prior to launching a transport initiative, all such initiatives are subject to cost benefit analyses at the...

Does European economic integration create more inequality between domestic regions, or is the opposite true? We show that a general answer to this question does not exist, and that the outcome depends on the liberalisation scenario. In order to examine the impact of European and international...

Does European economic integration create more inequality between domestic regions, or is the opposite true? We show that a general answer to this question does not exist, and that the outcome depends on the liberalization scenario. In order to examine the impact of European and international...

The removal of barriers to trade and mobility is usually promoted as it allows for greater division of labor and, thereby, for improved economic welfare. Recent theory, however, suggests that the integration of markets might have serious consequences for the regional allocation of economic...

In this paper the Balassa steps of economic integration are first reviewed, and then extended to cover currernt integration configurations. Pre-conditions for each stage of integration are detailed using a backward-looking economic conditionality approach, and then both economic and political...

This paper looks at what would have been the impact of replacing the three European currencies by the Ecu in the SDR. The results suggest that SDR value would have been relatively unaffected by such a change, even in periods of instability on the foreign exchange markets.