Title of article :
Does trade integration cause convergence?
Author/Authors :
A. Hughes Hallett، نويسنده , , Laura Piscitelli، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2002
Abstract :
Using a business cycle model, we analyse the conditions for trade integration to produce economic convergence. We find large, stable economies with integrated structures are likely to diverge. But smaller, more volatile or less well integrated economies will converge. The symmetry of shocks is unimportant.
Keywords :
Cyclical convergence , Trade intensity , real business cycles
Journal title :
Economics Letters
Journal title :
Economics Letters