THE EFFECTS OF REGIONAL ECONOMIC INTEGRATION IN EUROPE OF THE PATTERN NORTH-NORTH AND NORTH-SOUTH

Miroslav Antevski

Economic Annals, 2007, vol. 52, issue 174-175, 168-185

Abstract: This paper examines the effects of regional economic integration in Europe , especially the North-North and North-South integration patterns, and how the benefits and costs of integration are divided between countries. Outcomes depend on: comparative advantages, factor endowments, factor intensities, competitive advantages, FDI flows, transfers of technology, knowledge spillovers, economies of scale, transport costs, industry/GDP ratios, and agglomeration forces. The North-North integration between high income countries tends to lead to convergence of country incomes. Contrary, the South-South integration between low income countries causes divergence. Low income countries are likely to be better served by the North-South integration.

Keywords: regional economic integration; effects; trade patterns; NorthNorth; North-South (search for similar items in EconPapers)
JEL-codes: F15 R12 (search for similar items in EconPapers)
Date: 2007
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