Regional Integration and Natural Resources Who Benefits : Evidence from MENA

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 Afr...

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Bibliographic Details
Main Authors: Olarreaga, Marcelo, Gourdon, Julien, Carrere, Celine
Format: Policy Research Working Paper
Language:English
Published: 2012
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
http://hdl.handle.net/10986/3256
Description
Summary: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.

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