Testing the Links between Institutional Integration and Trade Deepening: Clues from Europe
Testing the Links between Institutional Integration and Trade Deepening: Clues from Europe
复制标题
检验制度一体化与贸易深化之间的联系：来自欧洲的线索
DOI：
10.1007/s11079-007-9016-x
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发表时间：
2007
期刊：
影响因子：
--
通讯作者：
F. Mongelli
中科院分区：
文献类型：
--
作者：
Itai Agur;Ettore Dorrucci;F. Mongelli
本文考察了欧盟近50年来制度整合与贸易深化之间的相互作用。它使用格兰杰因果关系检验，VECM和方差分解，以进一步了解这种相互作用。证据显示是双向的内分泌。但从机构建设到贸易的联系占主导地位。然而，随着时间的推移，这种联系已经减弱，可能是由于全球化回避了机构。此外，制度整合对贸易深化的敏感性有所上升，这表明经济力量在决定制度步骤方面获得了更大的力量。
This paper investigates the interaction between institutional integration and trade deepening in the EU over the last 50 years. It uses Granger causality tests, a VECM and variance decompositions to further the understanding of this interaction. The evidence indicates two-way endogeneity. But the link from institution building to trade dominates. Yet, this link has weakened over time, possibly due to globalisation sidestepping institutions. Moreover, the sensitivity of institutional integration to trade deepening has risen, which suggests that economic forces have gained more strength in determining institutional steps.