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  • 标题:Regional Integration and Economic Growth: The Case of the European Union
  • 作者:Teodora Borota ; Ali M. Kutan
  • 期刊名称:The Journal of International Trade and Diplomacy
  • 印刷版ISSN:1306-1542
  • 出版年度:2008
  • 卷号:2
  • 期号:1
  • 页码:93-113
  • 出版社:Ankara
  • 摘要:The impact of integration on growth, in particular, the economic growth of the European region, and especially that of the European Union (EU), has been analyzed, not only through the application of commonly used theoretical models, but also in the light of specific characteristics of its economic and political integration. A special focus has been placed on the potential growth advantages that the EU may provide to its members. The most recent round of EU enlargement in May 2004 has brought further interest in the growth implications of the enlargement. In this paper, we further investigate the determinants of the growth patterns in the EU-15 group. Besides the analysis of common growth determinants, special interest is placed on the influence of variables that may capture the impact of integration, such as trade flows and the measures of trade barriers. Furthermore, we are particularly interested in another possible growth determinant in the form of foreign direct investment (FDI), as an additional potential proxy for measuring the integration benefits of FDI on growth, besides the widely analyzed “trade-induced investment-led” economic growth.
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