The Impact of Regionalism on Trade in Europe

Kari E O Alho
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Kari E O Alho: ETLA Finland

No 3, Royal Economic Society Annual Conference 2003 from Royal Economic Society

Abstract: Using the classical gravity model we try to reach a more systematic view than previously in the literature of the impact of regionalism on the intensity of mutual integration through trade in Europe. We find that European trade is significantly influenced by various regional agreements and intensities of trade are strongly asymmetric between the regions. EMU has a positive impact on bilateral trade intensity, and its effect on total European trade of its member countries is also significantly positive. Both between the EU and CEE countries there are, respectively, significant differences with respect to the intensity in this trade.

Keywords: trade; EU; EMU; CEE; gravity model (search for similar items in EconPapers)
JEL-codes: F10 F15 (search for similar items in EconPapers)
Date: 2003-06-04
New Economics Papers: this item is included in nep-eec and nep-ifn
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ecj:ac2003:3

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