Public opinion, lobbying and elections have important effects on the formation of trade policy in democracies. This paper attempts to explain how lobbying expenditures can influence the outcome of an election fought over trade policy. Voters are assumed to own both capital and labour. The...

Using the clustering analysis and gravity model, this paper investigates the evolution of likely trade-bloc phenomenon for the textile industry and the automatic data processing industry for the last three decades. For the textile industry, a significant two-bloc phenomenon could be identified,...

Since the end of the Second World War, economic integration has been regarded as being one of the most important global economic policies. Its relevance has not diminished and most countries, especially those that are developing, consider it to be a long-term strategy. Integration is present in...

This study offers an empirical microlevel analysis of the pass-through effects of the East African Community Common External Tariff on consumer prices in Kenya. Using data from the Kenya Integrated Household Budget Surveys conducted in 2005 and 2015, this research employs a fixed-effects model...

The paper addresses the linkage between certain aspects of the increasing economic integration of world markets and the level of child labour. We empirically examine, first, the often-cited conventional wisdom that multinational enterprises invest in countries where the extent of child labour is...

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...

The Treaty of Nice (2001) strongly protects the interests of the current 15 European Union member countries. The new voting structure in the enlarged European Union preserves the existing members blocking influence over new policies. In addition, there is a cap on the Unions total expenditure....

The world trade order is undergoing transformation into a tripartite trading system owing to the growing regionalism in East Asia. East Asia has become progressively integrated as a trading bloc through intensified intra-regional trade. A powerful engine for this integration is concentrated FDI...

The West Bank and Gaza have been occupied by Israel since 1967. As a result, it experienced a deep integration of its factor and goods markets with the richer economy of Israel. However, such an integration did not bring significant “dynamic” gains. Time series analysis indeed suggest that...

We examine how the factors conventionally found important for trade in other regions of the world influence trade in South Asia. Our gravity model starts by estimating the effects of economic variables such as per capita income and the size of economies on bilateral trade. We then use a novel...