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- W3313108 abstract "The European experience offers three possible models for regional integration: a free trade arrangement, a single market, and a common currency area. This paper examines the effect of regional integration on total factor productivity to assess the long-run growth implications of each model. The findings suggest that joining a regional grouping changes the way participating economies grow. Of the three models, the free trade arrangement is found to be the most effective in promoting intra-regional dependence on R&D spillovers. The other two models are associated with largely negative windfall effects on total factor productivity." @default.
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- W3313108 date "2013-01-01" @default.
- W3313108 modified "2023-09-24" @default.
- W3313108 title "Different Models for Regional Integration: Lessons from Total Factor Productivity in Europe" @default.
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- W3313108 doi "https://doi.org/10.2139/ssrn.2368139" @default.
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