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Title: Models of Economic Integration and Localized Growth

Author(s): Giuseppe Bertola

Publication Date: March 1992

Keyword(s): European Community, Externalities, Factor Mobility and Growth

Programme Area(s): International Trade and Regional Economics

Abstract: Economic integration and free factor mobility may be expected to enhance the growth performance of a united Europe. Simple models of integration among independent, endogenously-growing economic entities suggest that factor mobility may deepen rather than reduce regional differences in economic performance, however. This paper studies interactions between static geographical externalities and dynamic investment decisions, and it finds that economic integration need not result in more efficient factor allocations or faster growth.

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Bibliographic Reference

Bertola, G. 1992. 'Models of Economic Integration and Localized Growth'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=651