— We consider the comovement of economic volatility across multiple countries. Using spatial models with data from 187 countries over the period of 1960–2007, we find a strong spatial comovement of economic volatility. More interestingly, the effect of geographical proximity on economic volatility comovement is strongest during the period of international shocks (1973–86), but almost disappears...

Regardless of the continued stalemate in the political arena, trade and economic interactions between the two sides of the Taiwan Strait have increased steadily. Both aggregate data and the results of survey research have testified to the existence of functional integration of the two societies across the Taiwan Strait. In addition to functional integration, structural readjustments have also b...

The world has witnessed an unparalleled increase in trade liberalization over the last few decades. These have been accompanied by increasing concerns over economic growth and distributional impacts emerging from trade agreements. An applied literature has emerged to address ex-ante effects at both macroeconomic and household levels. This article contributes to this literature by analyzing the ...

the statesmen of the first pahlavi formulated strategies for the economic renovation based on the export potential. before that, the harbor of busher had a central place in foreign trade of the country due to having harbor infrastructure, proximity to economic centers and the fact that many merchants lived there. after the implementation of the new plan the khuzestan area became the main center...

This article evaluates the extent to which the establishment of the Andean Free Trade Zone (AFTZ) has led to an improvement of intra-regional trade, as promised by open regionalism, without reducing extra-regional trade. Open regionalism is a dynamic process in which economic agreements serve as intermediate steps towards integration with the world economy. The calculations of ex post income el...

The article is devoted to the problem of development integration links between countries in global space on basis formation trade and economic agreements. role regional processes world economy was described. author’s understanding groupings given. evolution international agreements has been determined. leading groups system relations reviewed. Indicators effectiveness their ties have calculated...