Regional Integration and Growth in Developing Nations
Regional Integration and Growth in Developing Nations
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제13권 제3호
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1998.09367 - 399 (33 pages)
- 2

This paper explores the growth implications of regional integration. From the theory, it identifies the footprints that such growth should leave in the data. It then checks the data on the four poor EU nations for such footprints. Prima facie evidence for Ireland, Portugal and Spain support the notion that EU membership induced investment-led growth, but Greek data reject it. This suggests that the integration of relatively poor nations into a rich trading bloc favoured the poor nation`s investment rates, however this was not strong enough to overcome poor macroeconomic management and market rigidities (which were features of the Greek case). (JEL Classification: F43, O4, F15)
Ⅰ. Introduction
Ⅱ. Illustration of Overarching Theoretical Issues
Ⅲ. Trade and Growth Links: Theory and Evidence
Ⅳ. Regional Integration and Growth in Developing Nations
Ⅴ. Concluding Remarks
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