Growth and Deeper Regional Integration in a Three-Country Model

REVIEW OF INTERNATIONAL ECONOMICS

Posted: 27 Sep 1996

See all articles by Uwe Walz

Uwe Walz

Goethe University Frankfurt - Institute of Economics; Center For Financial Studies (CFS); Leibniz Institute for Financial Research SAFE

Abstract

We use an endogenous growth model of three countries to investigate the dynamic effects of deeper economic integration between two countries in the presence of an outside world. We look at the long-run effects of inner-union trade liberalization, the union's external trade policy, and of the relaxation of the inner-union barriers to migration. It is shown that regional integration via inner-union trade liberalization can lead very well to a decline of the steady-state growth rates.

JEL Classification: F13, F15, F43

Suggested Citation

Walz, Uwe, Growth and Deeper Regional Integration in a Three-Country Model. REVIEW OF INTERNATIONAL ECONOMICS, Available at SSRN: https://ssrn.com/abstract=4265

Uwe Walz (Contact Author)

Goethe University Frankfurt - Institute of Economics ( email )

Postfach 81
D-60054 Frankfurt
Germany

Center For Financial Studies (CFS) ( email )

Gr├╝neburgplatz 1
Frankfurt am Main, 60323
Germany

Leibniz Institute for Financial Research SAFE ( email )

(http://www.safe-frankfurt.de)
Theodor-W.-Adorno-Platz 3
Frankfurt am Main, 60323
Germany

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
584
PlumX Metrics