Marques, Helena; Metcalf, Hugh - 2005
In this paper, we estimate a sectoral gravity model for trade within a heterogeneous trade bloc, the enlarged EU …, comprised of a high-income group (wealthiest EU), a middle-income group (Greece, Portugal and Spain), and a low-income group … beneficial for all of the participants in the bloc, there is still a role for a redistribution policy, such as the EU's Regional …