Does regionalism work? A random and fixed effects model
by Rock-Antoine Mehanna, Hannarong Shamsub
J. for International Business and Entrepreneurship Development (JIBED), Vol. 4, No. 1/2, 2009

Abstract: An extensive body of work has examined the viability of regional blocs or RIA in different settings. Most of these studies have focused on whether regional blocs hinder or facilitate global free trade, create or divert trade of member countries or affect economic growth (Schiff and Winters, 2003). Unlike past and contemporary work, the purpose of this study is to investigate three research questions of great significance to current trade policy and development debates. The questions under investigation are as follows: (1) which group of regional blocs is viable in promoting intra- and/or extra-regional trade?; (2) which direction of trade (i.e. within/intra or by/extra regional grouping) contributes more to regional growth?; (3) which grouping significantly contributes to regional growth?

Online publication date: Wed, 14-Jan-2009

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