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

• 영문명: Economic Integration and Convergence : Lessons from Asia, Europe and Latin America
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Georgios Karras
• 간행물 정보: 『Journal of Economic Integration』제12권 제4호, 419~432쪽, 전체 14쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 1997.12.31

영문 초록

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 nonexistent in ASEAN. (JEL Classification: F15, O41)

목차

Ⅰ. Introduction

Ⅱ. Theoretical Framework and Data

Ⅲ. A Conventional Test for Convergence

Ⅳ. Two Additional Convergence Tests

Ⅴ. Concluding Comments and Discussion