Regional Integration Arrangements: Static Economic Theory, Quantitative Findings, and Policy Guidelines

DeRosa, Dean A.

doi:10.1596/1813-9450-2007

Cited by 25 publications

(14 citation statements)

References 73 publications

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“…In a customs union, members adopt a common set of external trade restrictions. A common market involves the unrestricted movement of factors and harmonizes fiscal, monetary, and other economic policies (DeRosa 1998). it clear they are unwilling to negotiate on other topics until a suitable agreement on agriculture exists. RTAs may be an attractive alternative to promote agricultural trade.…”

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confidence: 99%

Do Regional Trade Agreements Increase Members' Agricultural Trade?

Grant

Lambert

2008

American J Agri Economics

119

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The gravity model is used extensively to investigate the trade flow effects of Regional Trade Agreements (RTAs). A notable feature common to previous research is the use of aggregate trade data. These studies typically report conflicting, and even negative results of the effect of RTAs on members' trade. Using recent developments in the gravity equation suggested by Baier and Bergstrand (2007) and Anderson and van Wincoop (2003) , this article demonstrates that RTA effects on members' trade depend fundamentally on whether the analysis focuses on agricultural or nonagricultural sectors, on the particular agreement analyzed, and on the length of the phase-in period that characterizes almost all RTAs. Copyright 2008, Oxford University Press.

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confidence: 99%

Do Regional Trade Agreements Increase Members' Agricultural Trade?

Grant

Lambert

2008

American J Agri Economics

119

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“…While econometric evaluations typically involve a large amount of historical or contemporary data, the estimation of parameters and hypothetical testing is done without a proper theoretical structure. CGE evaluations are conducted on the basis of a clear economy-wide theoretical structure, but rely mainly on estimates of key parameters outside the model (see Baldwin and Venables, 1995;DeRosa, 1998). Both types of technique have strengths and weaknesses.…”

Section: A Brief Overview Of Methodologies Used In Quantitative Evalumentioning

confidence: 99%

What do quantitative evaluations tell us about regionalism in South Asia? A survey

Bandaralage¹

2004

Asian Studies Review

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“…In addition, integration policies can be affected by the member countries' needs and developmental stage for a potential cooperation (DeRosa, 1998). Thus, the development status of the member states is an important factor in determining the success of a regional integration.…”

Section: Effectiveness Of the Gcc Integration Development Measures Ofmentioning

confidence: 99%

Trade and regional integration: analysis of the effectiveness in the GCC

Naser

2008

International Journal of Islamic and Middle Eastern Finance and Management

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2014),"The link between regional integration agreements, trade flows and economic crisis: A static and dynamic gravity model"If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services. AbstractPurpose -The purpose of this paper is to analyze the effectiveness of the GCC integration. Design/methodology/approach -Both descriptive and comparative analyses are used. In order to measure the effectiveness, indicators like trends of trade, FDI inflows, joint venture project activities and technology diffusion are considered. Findings -The analyses revealed that the Gulf Cooperation Council (GCC) regularly reviews the collective process of all the proposals to be executed. It also conducts an in-depth analysis of all issues concerning the GCC states and their societies. The analyses also showed increasing trends in exports and imports, and high-tech manufacturing after implementing customs union. In the same fashion, the number of joint venture projects, total capital investment and capital investment per project increase dramatically after executing customs union. The analysis further shows that the investment in large-scale joint venture projects increases during the same period. The paper finds a sharp increase in FDI during the period between 2001 and 2004; within this period, the customs union has been implemented. This increased FDI is mainly due to the fact that the GCC attains enlarged domestic market size and stable economic growth after the GCC integration. The GCC integration also contributes to improve the push and pull factors of FDI that have further attracted increased FDI. The paper shows that the GCC countries have adapted and deployed new technology considerably quickly during the period 1999 to 2005 compared with the 1990s. Practical implications -The study noticed improvements in all indicators as well as the push and pull factors that enhance effectiveness of the GCC integration. To attain more effective regional integration, a periodic review of all the issues concerning the GCC states and their societies in light of the advancement taking place in the Arab world and international arenas is vital. Originality/value -The study finds that the effectiveness of the GCC integration is progressive. The integrators that measure effectiveness such as trends of trade, FDI inflows, joint venture project activities and technology diffusion show increasing trends.

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Regional Integration Arrangements: Static Economic Theory, Quantitative Findings, and Policy Guidelines

Cited by 25 publications

References 73 publications

Do Regional Trade Agreements Increase Members' Agricultural Trade?

Do Regional Trade Agreements Increase Members' Agricultural Trade?

What do quantitative evaluations tell us about regionalism in South Asia? A survey

Trade and regional integration: analysis of the effectiveness in the GCC

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