The effects of regional economic integration in Europe of the pattern north-north and north-south
Keyword(s):
This paper examines the effects of regional economic integration in Europe, especially the North-North and North-South integration patterns, and how the benefits and costs of integration are divided between countries. Outcomes depend on: comparative advantages, factor endowments, factor intensities, competitive advantages, FDI flows, transfers of technology, knowledge spillovers, economies of scale, transport costs, industry/GDP ratios, and agglomeration forces. The North-North integration between high income countries tends to lead to convergence of country incomes. Contrary, the South-South integration between low income countries causes divergence. Low income countries are likely to be better served by the North-South integration.
2005 ◽
Vol 27
(6)
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pp. 673-687
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Keyword(s):
2016 ◽
Vol 33
(1)
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pp. 65-82
2010 ◽
Vol 14
(3)
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pp. 577-591
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