MERCOSUR: A new approach to regional integration?

Federico Foders

No 746, Kiel Working Papers from Kiel Institute for the World Economy

Abstract: The purpose of this paper is to empirically analize the economic potential associated with MERCOSUR. Simple import share analysis indicates increasing trade flows between the member states; ex post income elasticities of import demand fail to detect a clear pattern. Estimates of technological specialization reveal a great potential for intra-industry trade between member states. The most important challenge to MERCOSUR seems to be the still uncertain ability of member states to sustain macroeconomic stabilization in the long run.

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:746

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