Regional groupings have changed the trade flows in favor of intra zone and at the expense of trade between regions. These groupings are not without effects on growth and well being. In this sense, economic integration is an aspect of a wider strategy to promote growth and development. This article focuses on the study of the influence of regional integration on economic growth in several groups over the period 1970-2009. It introduces several variables related to economic integration (opening rate, FDI, R&D and dummies variables) to test their effects on growth in these countries. This study examines a panel of 40 countries and 10 in successive 5-year periods. The results found show the existence of a strong relationship between the factors of economic integration and growth in these countries. © EMUNI 2012.
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Kahouli, B., & Kadhraoui, N. (2012). Consolidation of regional groupings and economic growth: Empirical investigation by panel data. International Journal of Euro-Mediterranean Studies, 5(1), 71–92. https://doi.org/10.1007/s40321-012-0003-7