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Economic integration affects economic development through two main channels: growth and localization of the economic activities. The theories of endogenous growth and economic geography enable us to understand these mechanisms. The paper reviews their similarities and specificities before suggesting their useful combination within a single model.

This paper contributes to the empirical literature by providing a quantitative measurement of the influence of regional trade integration on productivity. For this purpose, the author addresses the link between trade and productivity thanks to knowledge spillovers in a multi-country model.

The paper uses a model of combined endogenous growth and economic geography to study the impact of regional economic integration on the member and non-member countries of a regional union.

Using panel data from Venezuelan manufacturing, results from the study point to FDI spillovers, mainly between but also within industries, from export-oriented MNCs to large domestic firms. MNCs that outsource have an incentive to transfer technical knowledge to local upstream suppliers.

This paper provides some reflections on the new macroeconomics of model uncertainty. The goal is to explore some of the most interesting implications of model uncertainty for positive and normative macroeconomic analysis.

This paper explores ways to integrate model uncertainty into policy evaluation. The authors first describe a general framework for the incorporation of model uncertainty into standard econometric calculations. This framework employs Bayesian model averaging methods that have begun to appear in a range of economic studies.

This paper provides a survey and synthesis of econometric tools that have been employed to study economic growth. While these tools range across a variety of statistical methods, they are united in the common goals of first, identifying interesting contemporaneous patterns in growth data and second, drawing inferences on long-run economic outcomes from cross-section and temporal variation in growth.

Full implementation of an intergovernmental transfer system based on revenue capacities and expenditure needs could significantly improve both redistribution and equity objectives of the Chinese authorities. This was envisaged in the 1994 fiscal reforms, but the authorities were unable to implement the measures fully. This paper examines mechanisms that might facilitate effective implementation.

This paper asserts that the wedge between the prices faced by different participants is primarily a result of different valuation methods employed by banks and distressed-debt investors.

This paper examines possible segmentation of the internal capital market in China. The authors employ two standard tools from the international finance literature to analyze financial integration across Chinese provinces.