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Title:Measuring and explaining levels of regional economic integration PDF Logo
Authors:Pédussel Wu, Jennifer
Issue Date:2004
Series/Report no.:ZEI working paper B 12-2004
Abstract: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.
Subjects:Regional Economic Integration
Ordered-Probit Estimation
Uncertainty
JEL:F02
F15
C8
C19
Document Type:Working Paper
Appears in Collections:ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn

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