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Measuring Globalization of International Trade: Theory and Evidence

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Author Info

  • Arribas, Iván
  • Pérez, Francisco
  • Tortosa-Ausina, Emili

Abstract

Summary Measuring globalization requires a Standard of Perfect International Integration as a benchmark that a single world space would reach under conditions of geographic neutrality in international trade. We define this standard and present indicators for openness, connectedness and integration, for each specific economy, and for the world economy. We apply our indicators to data on trade flows for 59 countries for the 1967-2004 period. Results show that trade integration is higher than what traditional openness indicators suggest. Several economies find high levels of integration, but the low degree of openness in some large economies jeopardizes the progress of globalization.

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Bibliographic Info

Article provided by Elsevier in its journal World Development.

Volume (Year): 37 (2009)
Issue (Month): 1 (January)
Pages: 127-145

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Handle: RePEc:eee:wdevel:v:37:y:2009:i:1:p:127-145

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Web page: http://www.elsevier.com/locate/worlddev

Related research

Keywords: geographic neutrality globalization international trade network analysis;

References

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Citations

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Cited by:
  1. Arribas, Iván & Pérez, Francisco & Tortosa-Ausina, Emili, 2009. "The determinants of international financial integration revisited: the role of networks and geographic neutrality," MPRA Paper 18717, University Library of Munich, Germany.
  2. Georg Duernecker & Fernando Vega-Redondo, 2012. "Social Networks and the Process of "Globalization"," Economics Working Papers ECO2012/25, European University Institute.
  3. Arribas, Iván & Pérez, Francisco & Tortosa-Ausina, Emili, 2011. "A network perspective on international banking integration," Journal of Policy Modeling, Elsevier, vol. 33(6), pages 831-851.
  4. Bergh, Andreas & Nilsson, Therese, 2009. "Good for living? On the relation between globalization and life expectancy," Working Papers 2009:9, Lund University, Department of Economics.
  5. Belén González Díaz & Leticia Blázquez, 2013. "International Automotive Production Networks: How the web comes together," Working Papers. Serie EC 2013-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  6. Pérez García Francisco & Tortosa-Ausina Emili & Arribas Fernández Iván, 2009. "The Distance Puzzle Revisited: A New Interpretation Based on Geographic Neutrality," Working Papers 201019, Fundacion BBVA / BBVA Foundation.
  7. Parisa SAMIMI & Guan Choo LIM & Abdul Aziz BUANG, 2011. "Globalization Measurement: Notes on Common Globalization Indexes," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(7), pages 20, December.
  8. Bergh, Andreas & Nilsson, Therese, 2011. "Globalization and Absolute Poverty – A Panel Data Study," Working Paper Series 862, Research Institute of Industrial Economics.
  9. Bergh, Andreas & Mirkina, Irina & Nilsson, Therese, 2013. "More Open – Better Governed? Evidence from High- and Low-income Countries," Working Paper Series 997, Research Institute of Industrial Economics.
  10. Bergh, Andreas & Nilsson, Therese, 2010. "Good for Living? On the Relationship between Globalization and Life Expectancy," World Development, Elsevier, vol. 38(9), pages 1191-1203, September.

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