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Regional Integration and Economic Convergence in the Post‐Soviet Space: Experience of the Decade of Growth
Author(s) -
LIBMAN ALEXANDER,
VINOKUROV EVGENY
Publication year - 2012
Publication title -
jcms: journal of common market studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.54
H-Index - 90
eISSN - 1468-5965
pISSN - 0021-9886
DOI - 10.1111/j.1468-5965.2011.02209.x
Subject(s) - convergence (economics) , economic integration , regional integration , economics , economic geography , space (punctuation) , economic system , market integration , period (music) , development economics , international economics , international trade , macroeconomics , linguistics , philosophy , physics , acoustics
Abstract This article examines the dynamics of regional integration and economic convergence in the post‐Soviet world during the period 1999–2008, both considered as a whole and on the level of individual country groups. While the trade integration experienced a negative trend, at the same time one can observe an unprecedented expansion of labour migration – thus suggesting that integration of factor flows can outperform integration of markets for goods and services, at least in this specific case. Clustering processes of the post‐Soviet states for economic convergence and for economic integration seem to be unaffected by each other.