This paper deals with the effects of European integration in the EC and EFTA on economic growth. Base regressions suggest that EC and EFTA memberships do in fact have a positive and significant effect on economic growth, and that there is no significant difference between EC and EFTA membership. This result is not completely robust with respect to changes in the set of control variables and to measurement errors. Nonetheless, the results suggest that regional integration may not only affect resource allocation, but also long-run growth rates. This conclusion is strengthened by the fact that we obtain similar results when we use panel data for a sample of OECD countries. A number of tests are also conducted to ascertain that the EC/EFTA variable is not primarily a proxy for the effect of economic development. In addition, we explore possible indirect effects of regional integration.JEL Classification: F15, F43.

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Abstract-For certain types of sensor-target configurations a point target model or approach is not suitable and the physical extent of the target has to be accounted for in the processing. An extended target track before detect algorithm is presented and the performance is compared to an algorithm based on the point target assumption. Simulations illustrate the gain in performance obtained by using the extended target model where a particle filter is used for the track before detect implementation.

A large share of world trade, especially among the OECD countries, is twoway trade within industries, so called intra-industry trade. Despite this, few attempts have been made to examine why countries export some products within industries, whereas they import others. We examine this issue, by focusing on the shares of IIT that are vertical and horizontal and by examining price dispersion. The re g r ession results suggest that an abundant human capital endowment as well as a large domestic market increases the quality of OECD