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Economic Integration and Convergence: Lessons from Asia, Europe and Latin America

Author

Listed:
  • Karras, Georgios

    (The University of Illinois at Chicago)

Abstract

This paper examines whether economic integration facilitates convergence in per capita income by investigating the post-war convergence experience within three regional economic areas: the Association of Southeast Asian Nations (ASEAN), the European Union (EU), and the Latin American Free Trade Area (LAFTA). A number of different empirical tests and specifications provide evidence that convergence in income per capita has been the strongest and most rapid in the EU, milder but probably present in LAFTA, and nonex - istent in ASEAN.

Suggested Citation

  • Karras, Georgios, 1997. "Economic Integration and Convergence: Lessons from Asia, Europe and Latin America," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 12, pages 419-432.
    • Handle: RePEc:ris:integr:0057
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    Cited by:

    1. Paula Andrea Nieto Alemán & Jaime Alberto Rendón Acevedo, 2019. "¿Es la integración regional un vehículo para la convergencia? El caso del Mercosur, 1990-2014," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 11(1), pages 23-39, February.
    2. FE, Doukouré Charles, 2010. "Réduction de Droits de Douane et Convergence Réelle dans l'UEMOA [Tariffs Reduction and Real Convergence in WAEMU]," MPRA Paper 26763, University Library of Munich, Germany.
    3. Carmignani, Fabrizio, 2007. "A note on income converge effects in regional integration agreements," Economics Letters, Elsevier, vol. 94(3), pages 361-366, March.
    4. Alexoaei Alina Petronela & Robu Raluca Georgiana, 2018. "A theoretical review on the structural convergence issue and the relation to economic development in integration areas," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 34-44, May.

    More about this item

    Keywords

    Economic; Integration;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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