| Dynamic Effects of MERCOSUR: An Assessment for Argentina |
Germán Calfat, Renato G. Flôres Jr., Maria Florencia Granato, |
University of Antwerp
Universidad Nacional de Río Cuarto and Universidad Nacional de Villa María |
| Copyright ©2003 The Journal of Economic Integration |
| ABSTRACT |
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We evaluate the potential dynamic effects of MERCOSUR on the Argentinean economy. Two approaches, already used with other regional integration agreements, are applied for measuring medium and long-term effects. Special care has been taken in separating intra from extra zone effects. All estimations are carefully checked and have their magnitudes contrasted with other figures derived from different sources. Besides, complementary empirical assessments are done. The diverse empirical evidences found support the argument that Argentina experienced growth effects due to MERCOSUR. JEL Classifications: F15, F19, F14 |
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| REFERENCE |
| 1. |
Diao, X., T. Roe and E. Yeldan. (1999) Strategic policies and growth: an applied model of R & D-driven endogenous growth. Journal of Development Economics 60, 343-380. |
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| 2. |
Rivera-Batiz, L. and P. Romer (1991) Economic integration and endogenous growth. Quarterly Journal of Economics. Vol. 106, 531-555. |
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