Series: IMF Working Papers
Author(s): Norman Loayza , J. Lopez , and Angel Ubide
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1999
Keywords: Europe, Monetary unions, International Comovements, Currency Areas, Error Components Models, common, output growth, andean pact, trade integration, regional trade
This paper analyzes common economic patterns across countries and economic sectors in Latin America, East Asia and Europe for the period 1970-94 by means of an error-components model that decomposes real value adde...