02262nam a2200301 4500 1/51392 080128s2008 be u pdd 1 a0eng d 9789279082405 1016-8060 (print) 1725-3187 (online) KC-AI-08-315-EN-C 37320 GR-PeUP ΚΕΤ Αλφαβητική σειρά Bowen, Harry P. Factor mobility and the distribution of economic activity in integrated economies : evidence and inplications / Harry P. Bowen, Haris Munundar and Jean-Marie Viaene. Brussels- Belgium: European Comission: Directorate-General for Economic and Financial Affairs, 2008. 18 σ. : διαγ. πιν. ; 30 εκ. European Economy. Economic papers ; This study examines empirically factor mobility and distribution of economic activity under economic integration, with the result that the benchmark of the equal-share relationship holds strongly for US states and less so for EU countries, but does not hold for Developing Countries or the World. Recent research (Bowen, Munandar and Viaene, 2005) shows that for a country who is a member of a fully integrated economy, its shares of the integrated economy's total output and stocks of productive factors (i.e., physical and human capital) will be equal. They label this result the equal-share relationship. In this paper, we empirically examine for evidence of the equal-share relationship for alternative economic groups (i.e., US states, EU countries, Developing Countries and a World comprising 55 countries). Our findings indicate that the equal-share relationship holds strongly for US states, less so for EU countries, but does not hold for Developing Countries or the World. Economic Papers Munundar, Haris. Viaene, Jean-Marie. European Commission : Directorate-General for Economic and Financial Affairs. Economic Papers March 2008, No 315. European Economy. Economic papers ; 315. INST UNIPILB KET 20090303 EEEP 315 EEEP 315 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary12351_en.htm