I investigate the determinants of business cycles synchronization, across regions and over time. I use both international and intranational data to evaluate the linkages between trade in goods, trade in ...nancial assets, specialization and business cycles synchronization in the context of a system of simultaneous equations. In all speci...cations, the results are as follows. (i) Simultaneity i...

I investigate the determinants of business cycles synchronization, across regions and over time. I use both international and intranational data to evaluate the linkages between trade in goods, trade in ...nancial assets, specialization and business cycles synchronization in the context of a system of simultaneous equations. In all speci...cations, the results are as follows. (i) Simultaneity i...

Following decisions taken by Pacific Islands Forum Leaders in August 2009, PACER Plus (Pacific Agreement on Closer Economic Relations) negotiations have begun, aiming to deepen economic cooperation between the 14 developing Pacific island countries (PICs) and Australia and New Zealand through a comprehensive, reciprocal regional trade agreement. PACER Plus builds on previous agreements within t...

This paper estimates gravity models for both directions of trade between the EU-15 and the CEEC-10. The two groups form a heterogeneous integrated area (EU-27) with respect to country size, income levels, relative factor endowments and a different history of economic systems. The estimation was conducted on industries with different degrees of scale economies and factor-intensities in the prese...