Political and economic factors in regional economic integration

J. C. Brada, Jose Mendez

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

This paper examines countries' decisions to join each other in regional integration schemes as the result of economic and political costs and benefits. We use a probit model of this decision to examine the wave of regional integration of the late 1950s and early 1960s. The results of this exercise reveal that quality of political relations, openness, country size, and proximity significantly influence the decision of two countries to integrate. The model predicts the formation of the EC, LAFTA and CACM but not that of the EFTA. -Authors

Original languageEnglish (US)
Pages (from-to)183-201
Number of pages19
JournalKyklos
Volume46
Issue number2
StatePublished - 1993

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Economic factors
Regional economic integration
Economic Integration
Economics
Regional integration
Economic cost
Openness
Country size
Probit model
Costs and benefits
Political costs
Exercise
Proximity
Join
1950s
1960s
Costs
Waves

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Political and economic factors in regional economic integration. / Brada, J. C.; Mendez, Jose.

In: Kyklos, Vol. 46, No. 2, 1993, p. 183-201.

Research output: Contribution to journalArticle

Brada, J. C. ; Mendez, Jose. / Political and economic factors in regional economic integration. In: Kyklos. 1993 ; Vol. 46, No. 2. pp. 183-201.
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