Faculty of Economics and Business Administration Publications Database

Dynamic Effects of Economic Integration: A Survey

Volume: 8
Number: 3
Pages: 309 - 326
Month: July
ISSN-Print: 0923-7992
Link External Source: Online Version
Year: 1997
Keywords: Endogenous growth; Integration; Trade; Factor mobility
Abstract: This review article discusses recent models investigating the long-run effects of economic integration. Using endogenous growth approaches this literature looks at the channels through which integration policies (trade liberalization, liberalization of factor mobility, free flow of technological knowledge, etc.) might change the long-run growth rates and specialization patterns of countries involved. We distinguish between international integration, referring to the integration of a country in the world economy, and regional integration, i.e., the formation of regional integration blocs.