Journal of
Geography and Regional Planning

  • Abbreviation: J. Geogr. Reg. Plann.
  • Language: English
  • ISSN: 2070-1845
  • DOI: 10.5897/JGRP
  • Start Year: 2008
  • Published Articles: 389

Full Length Research Paper

Finding the growth rate during formation of South American community of Nations

R. T. Dalimov1* and А. Т. Umarov2
  1Department of Economics, National University of Uzbekistan, Uzbekistan. 2Department of Mechanics and Mathematics, National University of Uzbekistan, Uzbekistan.
Email: [email protected]

  •  Accepted: 04 September 2009
  •  Published: 31 October 2009

Abstract

This article considers computation technique of the growth rate during formation of South American Community of Nations. Found values of growth are compared with the ones previously computed for Mexico and Canada under the formation of NAFTA in 1994, and much higher to the ones observed under formation of the EurAzEC in 2000 and the 2004 EU expansion. The method of computing the rate of growth in cases of economic integration requires statistics of the value added of sectors and domestic savings rates of member states willing to be economically integrated.

 

Key words: Modelling international economic integration, growth rate of the GDP, Latin American economic integration.