Trade Blocks, Common Markets, Currency Unions and FDI Stocks: The Impacts of NAFTA and the EU

2018 ◽  
Author(s):  
Ray Barrell ◽  
Abdulkader Nahhas
Author(s):  
Crina Viju ◽  
James Nolan ◽  
William A. Kerr

The accession of Austria, Finland and Sweden to the European Union (EU) is assessed from the perspective of market integration in key agricultural sectors. An empirical investigation is conducted using monthly data for two periods: from 1975:01-1994:12 (the pre-EU period) and 1995:01-2004:12 (post-EU period). The existence of market integration both within the countries and within the EU is tested using time-series methods. A long-run equilibrium between prices for the same good in different markets does not exclude the possibility of short-run deviations in the individual data, so part of this analysis consists of estimating an econometric model (error correction) to uncover long-run effects of price deviations. Only a subset of agricultural prices moves together after EU integration.     Full text available at: https://doi.org/10.22215/rera.v2i1.164


2006 ◽  
Vol 2 (1) ◽  
Author(s):  
Crina Viju ◽  
James Nolan ◽  
William A Kerr

The accession of Austria, Finland and Sweden to the European Union (EU) is assessed from the perspective of market integration in key agricultural sectors. An empirical investigation is conducted using monthly data for two periods: from 1975:01-1994:12 (the pre-EU period) and 1995:01-2004:12 (post-EU period). The existence of market integration both within the countries and within the EU is tested using time-series methods. A long-run equilibrium between prices for the same good in different markets does not exclude the possibility of short-run deviations in the individual data, so part of this analysis consists of estimating an econometric model (error correction) to uncover long-run effects of price deviations. Only a subset of agricultural prices moves together after EU integration.


Author(s):  
G. Zorin

The article is devoted to comparing the creation of single markets in such integration associations as the EU and the EAEU. The EAEU shows a fairly high level of integration, despite the fact that it is one of the youngest integration associations. The experience of creating common EU markets formed the basis for creating common markets in the EAEU. Universal globalization has led to signifi cant changes in the global arena. Integration associations are making more and more eff orts to improve not only the economy, politics, but also the social sphere. The key problem was the formation of a single labor market and, as in the chain that followed, a single market for medicines. In the article, the author conducts a comparative analysis of the experience of the European Union and the Eurasian Economic Union regarding the formation of a single market for medicines. The article discusses the process of formation of single markets, and also indicates the disadvantages that are currently.


Policy Papers ◽  
2005 ◽  
Vol 2005 (91) ◽  
Author(s):  

Effective Fund surveillance over the members of currency unions entails discussions at the regional level. This requirement derives from the fact that currency union members have devolved responsibility for policy areas that are central to Fund surveillance, notably monetary and exchange rate policies, to regional institutions. Discussions have been held for some time with regional institutions in the euro area, the Central African Economic and Monetary Union (CEMAC), the Eastern Caribbean Currency Union (ECCU), and the West African Economic and Monetary Union (WAEMU). However, only for the EU institutions responsible for euro area policies have these discussions been formalized as constituting an integral part of the Fund’s surveillance on the individual members of the currency union. At the conclusion of the 2004 biennial surveillance review, Directors called for formalization of discussions with regional institutions in the remaining currency unions: CEMAC, ECCU and WAEMU. This paper formalize the modalities of discussions with the regional institutions of these currency unions in the context of the Article IV consultations with the members of these currency unions.


2013 ◽  
Author(s):  
Rinus van Schendelen
Keyword(s):  

2002 ◽  
Vol 7 (3) ◽  
pp. 221-224 ◽  
Author(s):  
Bernhard Wilpert

The paper presents an inside evaluation of the EuroPsyT project, funded by the EU Leonardo Program in 1999-2001. While standard research usually neglects to reflect on the internal and external constraints and opportunities under which research results are achieved, the paper stresses exactly those aspects: starting from a brief description of the overall objectives of the 11 countries project, the paper proceeds to describe the macro-context and the internal strengths and weaknesses of the project team, the internal procedures of cooperation,. and obstacles encountered during the research process. It winds up in noting some of the project's achievements and with a look towards future research.


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