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

Georgios Karras

Journal of Economic Integration, 1997, vol. 12, 419-432

Abstract:

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 nonex - istent in ASEAN.

Keywords: Economic; Integration (search for similar items in EconPapers)
JEL-codes: F15 O41 (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0057

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