The purpose of this paper is to examine factors influencing export in bilateral trade in the Middle-East context. The study considers the bilateral trade flows across three Gulf Cooperation Council countries - the Kingdom of Saudi Arabia (KSA), Bahrain (BAH) and Qatar (QAT) - over the last 30...

This article contributes to the literature on stock market integration by developing and estimating a capital asset pricing model with segmentation effects in order to assess stock market segmentation and its effects on risk premia at the regional level. We show that the estimated degrees of...

The effect of 'locking-in' economic reform and enhancing its credibility is generally regarded as one of the most important potential effects of regional integration. Based on a detailed review of the theoretical debate, this paper develops a general framework for assessment to evaluate the...

Promising growth rates, increased trade, and competition among major global players for African resources have boosted the development and bargaining power of sub-Saharan Africa (SSA) in relation to the EU. However, Africa's least developed countries remain vulnerable to external shocks....

The main focus of this paper is the question if the success of regional integration organisation in developing countries is, in fact, dependent on factors like similarity of their economic structure, market size or lack of committment. It is shown that there are also other more important...

The paper explores regional trade integration of the countries involved in the EU eastward enlargement (EU-25) processes distinguishing the possible regional trade clusters within EU-25 that may support integration of the EU-15 and the new member states. We examine whether the gravity equation...

The paper analyzes if and how the experiences of European integration can be used for the progress of East Asia integration especially of the ASEAN+3 countries1. Of special interest is the relevance of the new endogeneity approach of monetary integration for East Asia. The question is discussed...

What characterizes the EU today is that it is not only a multi-level governance system, but also a multi-context system. The making of Europe does not just take place on different levels within the European political framework, executed by different groups of actors or institutions. Rather, it...

Connectivity is the key building block of convergence and cohesion in any regional integration initiative. Development of connectivity across any region - especially of transportation linkages, energy pipelines, and information and communication technology - contributes to integration by...

This article evaluates from the Global Dimension of Regional Integration Model (GDRI - MODEL) developed by Estrada (2004) which the level of regional integration in the year of 2007 for the Common Market of the South - MERCOSUR, considering Argentina, Brazil, Paraguay and Uruguay (Members of the...