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The Effects Of Regional Economic Integration In Europe Of The Pattern North-North And North-South

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  • Miroslav Antevski

Abstract

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.

Suggested Citation

  • Miroslav Antevski, 2007. "The Effects Of Regional Economic Integration In Europe Of The Pattern North-North And North-South," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 52(174-175), pages 168-185, July - De.
    • Handle: RePEc:beo:journl:v:52:y:2007:i:174-175:p:168-185
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    More about this item

    Keywords

    regional economic integration; effects; trade patterns; NorthNorth; North-South;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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