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Regional economic integration
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In this paper, the authors present details on regional economic integration and evaluate some of the voluminous literature, theoretical and applied, on the economic effects of regional integration agreements (RIAs).Abstract:
Publisher Summary This chapter presents details on regional economic integration. It reviews and evaluates some of the voluminous literature, theoretical and applied, on the economic effects of regional integration agreements (RIAs). These effects are organized into three types: allocation effects, accumulation effects, and location effects. The first consists of RIAs' impact on the static allocation of resources, in settings with both perfect and imperfect competition. The second encompasses RIAs' impact on the accumulation of productive factors and covers both medium- and long-run growth effects. The third studies the impact of an RIA on the spatial allocation of resources; this analysis draws on the recent economic geography literature. The chapter also discusses the methods and results of empirical evaluations of RIAs, concentrating on North American free trade area NAFTA and the European community (EC). It also elaborates other issues, including the structure of RIAs and the implications of RIAs for the world trading system.read more
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Economic Geography and Public Policy
Richard E. Baldwin,Rikard Forslid,Philippe Martin,Gianmarco I.P. Ottaviano,Frédéric Robert-Nicoud +4 more
TL;DR: Baldwin et al. as mentioned in this paper presented and analyzed the widest range of new economic geography models to date, and examined previously unaddressed welfare and policy issues including, in separate sections, trade policy (unilateral, reciprocal, and preferential), tax policy (agglomeration with taxes and public goods, tax competition and agglomeration), and regional policy (infrastructure policies and the political economy of regional subsidies).
Journal ArticleDOI
The Transport Geography of Logistics and Freight Distribution.
Markus Hesse,Jean-Paul Rodrigue +1 more
TL;DR: In this paper, the authors provide an overview of the emerging transport geography of logistics and freight distribution, where transportation is considered as a derived demand with the idea that logistical requirements underline transportation as a component of an integrated demand and the concept of logistical friction is introduced to illustrate the inclusion of the multidimensional notion of impedance in integrated freight transport demand.
Posted Content
European Regional Policies in Light of Recent Location Theories
TL;DR: Despite large regional policy expenditures, regional inequalities in Europe have not narrowed substantially over the last two decades, and by some measures have even widened as discussed by the authors, and the role of regional policies, and especially of transport infrastructure improvements, in such an environment.
Journal ArticleDOI
Estimates of the Trade and Welfare Effects of NAFTA
Lorenzo Caliendo,Fernando Parro +1 more
TL;DR: The authors decompose the effects of NAFTA and find that 93% of Mexico's, 58% of Canada's and 55% of the United States' trade effects can be attributed to NAFTA's tariff reductions.
ReportDOI
Trade Theory with Numbers: Quantifying the Consequences of Globalization
TL;DR: In this article, the authors review a recent body of theoretical work that aims to put numbers on the consequences of globalization and highlight how various economic considerations, such as market structure, firm-level heterogeneity, multiple sectors, intermediate goods, and multiple factors of production, affect the magnitude of gains from trade liberalization.
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