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The Impact of Regionalism on Trade in Europe

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Author Info
Alho, Kari E O (ETLA Finland)
Abstract

Using the classical gravity model we try to reach a more systematic view than previously in the literature of the impact of regionalism on the intensity of mutual integration through trade in Europe. We find that European trade is significantly influenced by various regional agreements and intensities of trade are strongly asymmetric between the regions. EMU has a positive impact on bilateral trade intensity, and its effect on total European trade of its member countries is also significantly positive. Both between the EU and CEE countries there are, respectively, significant differences with respect to the intensity in this trade.

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File URL: http://repec.org/res2003/Alho.pdf
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Publisher Info
Paper provided by Royal Economic Society in its series Royal Economic Society Annual Conference 2003 with number 3.

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Date of creation: 04 Jun 2003
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Handle: RePEc:ecj:ac2003:3

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Web page: http://www.res.org.uk/society/annualconf.asp
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Related research
Keywords: trade; EU; EMU; CEE; gravity model;

Find related papers by JEL classification:
F10 - International Economics - - Trade - - - General
F15 - International Economics - - Trade - - - Economic Integration

This paper has been announced in the following NEP Reports:

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  3. Ville Kaitila, 2003. "An Assessment of Russia´s Growth Prospects in 2003 - 2010," Discussion Papers 869, The Research Institute of the Finnish Economy. [Downloadable!]
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  5. Erkki Koskela & Matti Viren, 2003. "Government Size and Output Volatility: New International Evidence," Discussion Papers 857, The Research Institute of the Finnish Economy. [Downloadable!]
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  8. Kari Alho, 2003. "The Impact of Regionalism on Trade in Europe," Discussion Papers 843, The Research Institute of the Finnish Economy. [Downloadable!]
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  10. Heli Koski & Carolina Sierimo, 2003. "Entry and Exit in the ICT Sector - New Markets, New Industrial Dynamics?," Discussion Papers 847, The Research Institute of the Finnish Economy. [Downloadable!]
  11. Ville Kaitila, 2003. "Convergence of Real GDP per Capita in the EU15 area: How do the Accession Countries Fit in ?," Discussion Papers 865, The Research Institute of the Finnish Economy. [Downloadable!]
  12. Kari E.O. Alho, 2004. "A Gravity Model under Monopolistic Competition," Discussion Papers 962, The Research Institute of the Finnish Economy. [Downloadable!]
  13. Esa Viitamo, 2003. "Knowledge-intensive Services and Competitiveness of the Forest Cluster," Discussion Papers 845, The Research Institute of the Finnish Economy. [Downloadable!]
  14. Jenni Oksanen, 2003. "Knowledge and Learning in the Determination of the Optimal Form of Firm Organisation," Discussion Papers 873, The Research Institute of the Finnish Economy. [Downloadable!]
  15. Gregory Amacher & Erkki Koskela & Markku Ollikainen, 2003. "Quality Competition and Social Welfare in Markets with Partial Coverage: New Results," Discussion Papers 851, The Research Institute of the Finnish Economy. [Downloadable!]
  16. Pekka Ilmakunnas & Mika Maliranta, 2003. "Worker Inflow, Outflow, and Churning," Discussion Papers 861, The Research Institute of the Finnish Economy. [Downloadable!]
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