Measuring and explaining levels of regional economic integration

Arbeitspapier

124 Regional Trade Agreements were notified to the GATT during the period 1948-1994. Since 1995, over 130 agreements have been notified to the WTO. Using empirical evidence, this paper proposes a way of measuring levels of regional integration and examines several potential explanations for the existence of different levels of regional economic integration. Using a database of regional integration where levels of integration are ranked across countries, a probit analysis in a discrete choice framework is applied. Common traits influencing regional integration decision-making were examined to determine those most influential. It is concluded that democracy and economic freedom, are significant contributors to the chosen level of regional integration. The role of political and economic uncertainty is examined and it is found that trade uncertainty is also a significant contributing factor.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ZEI Working Paper ; No. B 12-2004

Classification and Topics

• Classification: Wirtschaft ; International Economic Order and Integration ; Economic Integration ; Econometric and Statistical Methods: Other
• Subject: Regional Economic Integration ; Ordered-Probit Estimation ; Uncertainty

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Pédussel Wu, Jennifer
• Event: Veröffentlichung
• (who): Rheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI)
• (where): Bonn
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/39591
• Last update: 10.03.2025, 11:44 AM CET