This paper analyzes the distributional effects of international outsourcing in a two sector Heckscher-Ohlin type model if both sectors get economical access to cost-saving international outsourcing. Thereby, it is shown that if both sectors are engaged in international outsourcing in...

This paper investigates empirically the economic feasibility of monetary integration in East Asia. A structural VAR model is employed to decompose real output, real exchange rate and price level into a lagged polynomial of supply, demand and monetary shocks. The shocks are identified through the...

What lessons can be drawn from the European experience with regional integration that started in the 1950s, for regional integration in Latin America, which is still in its early stages? We present here a new indicator of institutional integration and study how it developed vis-à-vis diverse...

Regional integration initiatives have surged in Latin America while many countries have undertaken unilateral trade liberalization and external market access prospects have improved with the successful conclusion of the Uruguay Round. This paper examines and ranks the integration choices faced...

East Asia has rapidly become the third centre of gravity for global economic activity. North America is relatively well integrated with East Asia, but Europe is not. This paper explores the extent to which economic growth and trade poli - cy developments over the next decade will strengthen...

Estimates of the gravity equation explaining trade flows between Australia and other member countries of IOR-ARC indicate that the signal of market-driven economic cooperation within IOR-ARC is strong due to the presence of APEC members. The intra-industry trade analysis between Australia and...

This paper aims at analyzing how export performance of developing countries differs across destinations. With application to Sub-Saharan Africa and Asia, we first employ a gravity equation to break down each region’s export performance, separating the contribution of foreign market access from...

A modified gravity model of international trade is used to evaluate determi - nants of flows of commodities most often traded in the Pacific Rim. It is shown that the gravity model can be reparameterized effectively by using time series and cross section data rather than using cross section data...

Trade relations between Japan and the Gulf Cooperation Council Countries (GCC Countries) is very strong and has been growing at very high rates during the last twenty years. In 1996, Japan imported more than 65% of its crude oil from the GCC Countries. The GCC countries’ imports from Japan...

We develop a methodology based on two important criteria - sensitivity in delivery time and value-to-weight ratio – to classify air cargo products. The classification is applied to evaluate the trade integration in Southern Africa since air cargo is a valuable option to overcome trade barriers...