Based on static analysis, a number of studies argue that forming a RTA is more likely to raise welfare if member countries are natural trading partners,ʺ while other studies claim the opposite. This paper considers the argument from a dynamic viewpoint by examining the impact of trade with...

The economies of small developing states tend to be more fragile than those in large ones. This paper examines this issue in a dynamic context by focusing on the impact of education and North–South trade-related technology diffusion (NRD) on TFP growth in small and large states in the South....