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Regional Integration and Development Asymmetries

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  • Rapacki, Ryszard

Abstract

The aim of the present contribution is two-fold. First, we are going to briefly overview the theoretical arguments suggesting that regional economic integration may enhance the process of real economic convergence or catching up by less-advanced members of integration arrangements towards the development levels prevailing in more advanced member countries. Second, as an empirical test of the foregoing theoretical claims, we will embark on an analysis of actual economic growth paths of the present member countries of the enlarged European Union – both the ‘old’ (i.e. EU-15) and ‘new’ ones that is ten transition economies from East-Central Europe who joined the EU in 2004 or 2007, respectively (CEE-10 or EU-10). In particular, we will try to show that the process of regional integration in Europe tended as a rule to enhance the real economic convergence of income levels both within the EU-15 group as well as between the new (EU-10) and the old (EU-15) member countries.

Suggested Citation

  • Rapacki, Ryszard, 2008. "Regional Integration and Development Asymmetries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 93-114.
    • Handle: RePEc:zbw:espost:130188
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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Kejak, Michal & Seiter, Stephan & Vavra, David, 2004. "Accession trajectories and convergence: endogenous growth perspective," Structural Change and Economic Dynamics, Elsevier, vol. 15(1), pages 13-46, March.
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    4. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    5. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    6. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    7. World Bank, 2007. "World Development Indicators 2007," World Bank Publications - Books, The World Bank Group, number 8150.
    8. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Ryszard Rapacki & Mariusz Próchniak, 2009. "The EU enlargement and economic growth in the CEE new member countries," European Economy - Economic Papers 2008 - 2015 367, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.

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    More about this item

    Keywords

    regional integration; development;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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