Regional Integration and Natural Resources Who Benefits : Evidence from MENA

This paper builds on theoretical predictions that show that gains from regional integration are unevenly distributed between resource rich and poor countries. It explores the effects of different integration schemes in the Middle East and North Africa. The results suggest that within the Pan Arab Free Trade Agreement, there is significant trade creation for resource poor countries associated with regional integration, and no evidence of trade diversion. In resource rich countries, however, there is evidence of pure trade diversion in both resource-rich/labor-abundant countries and resource-rich/labor-importing countries. This underscores the idea that regional integration can help to spread the benefits of unevenly distributed resource wealth among the region's economies.

Bibliographic Details

Main Authors:	Olarreaga, Marcelo, Gourdon, Julien, Carrere, Celine
Language:	English
Published:	2012-02-01
Subjects:	AGGREGATE IMPORTS, ARAB FREE TRADE AGREEMENT, BILATERAL IMPORTS, BILATERAL TRADE, BORDER TRADE, COMMON MARKET, COMPARATIVE ADVANTAGE, CONSUMER PRICES, CONSUMERS, COUNTRY IMPORTS, CROSS-BORDER TRADE, CUSTOMS, DATE OF ENTRY INTO FORCE, DATE OF NOTIFICATION, DEVELOPING WORLD, DEVELOPMENT POLICY, ECONOMIC COOPERATION, ECONOMIC EFFICIENCY, ECONOMIC GROWTH, ECONOMIC INTEGRATION, ECONOMIC OBJECTIVES, ECONOMIC SIZE, EVIDENCE OF TRADE DIVERSION, EXPORT DIVERSIFICATION, EXPORT GROWTH, EXPORTING COUNTRY, EXPORTS, FINAL GOODS, FOREIGN EXCHANGE, FREE TRADE, FREE TRADE AREA, FUEL TRADE, GDP, GLOBAL COMPETITIVENESS, GRAVITY EQUATION, GRAVITY MODEL, IMPORT DATA, IMPORTING COUNTRY, INEFFICIENCY, INTERNATIONAL BANK, INTRA-REGIONAL TRADE, INTRA-REGIONAL IMPORTS, INTRAREGIONAL TRADE, LOSS OF TARIFF REVENUE, MEMBER COUNTRIES, MFN TARIFFS, NATURAL RESOURCES, NON-TARIFF BARRIERS, NONTARIFF BARRIERS, OIL EXPORTER, OIL EXPORTERS, OIL IMPORTS, PANEL REPORTS, PATTERNS OF TRADE, POLICY RESEARCH, PREFERENTIAL ACCESS, PREFERENTIAL AGREEMENT, PREFERENTIAL AGREEMENTS, PREFERENTIAL TRADE, PREFERENTIAL TRADE AGREEMENT, PREFERENTIAL TRADE AGREEMENTS, PRODUCTION STRUCTURE, REGIONAL INTEGRATION, REGIONAL INTEGRATION AGREEMENTS, REGIONAL INTEGRATION SCHEMES, REGIONAL LIBERALIZATION, REGIONAL PARTNERS, REGIONAL TRADE, REGIONAL TRADE AGREEMENTS, REGIONAL TRADE INTEGRATION, REGIONALISM, SPECIALIZATION, STANDARD ERRORS, TARIFF BARRIERS, TARIFF PREFERENCES, TARIFF REVENUE, TERMS OF TRADE, TRADE BARRIERS, TRADE COSTS, TRADE CREATING, TRADE CREATION, TRADE EFFECTS, TRADE FLOWS, TRADE INTEGRATION, TRADE POLICY, TRADE RELATIONSHIP, WEALTH, WORLD MARKETS, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20120216110749 https://hdl.handle.net/10986/3256
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