Measuring and explaining levels of regional economic integration
124 Regional Trade Agreements were notified to the GATT during the period 1948-1994. Since 1995, over 130 agreements have been notified to the WTO. Using empirical evidence, this paper proposes a way of measuring levels of regional integration and examines several potential explanations for the existence of different levels of regional economic integration. Using a database of regional integration where levels of integration are ranked across countries, a probit analysis in a discrete choice framework is applied. Common traits influencing regional integration decision-making were examined to determine those most influential. It is concluded that democracy and economic freedom, are significant contributors to the chosen level of regional integration. The role of political and economic uncertainty is examined and it is found that trade uncertainty is also a significant contributing factor.
|Date of creation:||2004|
|Date of revision:|
|Contact details of provider:|| Postal: Walter-Flex-Straße 3, D - 53113 Bonn|
Web page: http://www.zei.de/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Carlo Perroni & John Whalley, 2000.
"The new regionalism: trade liberalization or insurance?,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 33(1), pages 1-24, February.
- Carlo Perroni & John Whalley, 1994. "The New Regionalism: Trade Liberalization or Insurance?," NBER Working Papers 4626, National Bureau of Economic Research, Inc.
- Brownstone, David & Golob, Thomas F., 1992.
"The effectiveness of ridesharing incentives: Discrete-choice models of commuting in Southern California,"
Regional Science and Urban Economics,
Elsevier, vol. 22(1), pages 5-24, March.
- Brownstone, David & Golob, Thomas F., 1992. "The Effectiveness of Ridesharing Incentives: Discrete-choice Models of Commuting in Southern California," University of California Transportation Center, Working Papers qt0w0518qd, University of California Transportation Center.
- Ethier, Wilfred J, 1998. "The New Regionalism," Economic Journal, Royal Economic Society, vol. 108(449), pages 1149-61, July.
- Baier, Scott L. & Bergstrand, Jeffrey H., 2004. "Economic determinants of free trade agreements," Journal of International Economics, Elsevier, vol. 64(1), pages 29-63, October.
- David Romer, 1991.
"Openness and Inflation: Theory and Evidence,"
NBER Working Papers
3936, National Bureau of Economic Research, Inc.
- John Whalley, 1996.
"Why Do Countries Seek Regional Trade Agreements?,"
NBER Working Papers
5552, National Bureau of Economic Research, Inc.
- Fernandez, Raquel & Portes, Jonathan, 1998. "Returns to Regionalism: An Analysis of Nontraditional Gains from Regional Trade Agreements," World Bank Economic Review, World Bank Group, vol. 12(2), pages 197-220, May.
- Becker, William E. & Kennedy, Peter E., 1992. "A Graphical Exposition of the Ordered Probit," Econometric Theory, Cambridge University Press, vol. 8(01), pages 127-131, March.
- Pédussel Wu, Jennifer, 2002. "Trade agreements as self-protection," ZEI Working Papers B 29B-2002, University of Bonn, ZEI - Center for European Integration Studies.
- Mansfield, Edward D. & Milner, Helen V. & Rosendorff, B. Peter, 2002.
"Why Democracies Cooperate More: Electoral Control and International Trade Agreements,"
Cambridge University Press, vol. 56(03), pages 477-513, June.
- Edward D. Mansfield & Helen V. Milner & B. Peter Rosendorff, 2015. "Why Democracies Cooperate More: Electoral Control and International Trade Agreements," World Scientific Book Chapters, in: THE POLITICAL ECONOMY OF INTERNATIONAL TRADE, chapter 11, pages 227-263 World Scientific Publishing Co. Pte. Ltd..
- Graham Bird & Ramkishen Rajan, 2002. "The Political Economy of A Trade-First Approach to Regionalism," Centre for International Economic Studies Working Papers 2002-18, University of Adelaide, Centre for International Economic Studies.
- Park, Donghyun, 1999. "The Prospects for Further Economic Integration in ASEAN," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 14, pages 382-418.
When requesting a correction, please mention this item's handle: RePEc:zbw:zeiwps:b122004. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.