Metrics Capturing the Degree to which Individual Economies are Globalized
AbstractWe discuss metrics of globalization for individual economies as distance measures between fully integrated and trade restricted equilibria in economies initially operating under less than full integration with the global economy. Such metrics can be used to construct country globalization metrics reflecting the distance of economies from full global integration due to trade barriers, barriers to factor flows, barriers to international financial intermediation, solved technological diffusion and other economy specific features yielding less than full integration into the global economy. Many distance metrics present themselves and none are wholly satisfactory since they each behave differently across various displacements from integration. Distance measures can, for instance, be small in goods space but large in price space. We present alternative measures constructed for eight OECD economies and comment in a concluding section on other measures used elsewhere in the literature such as trade / GDP ratios.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 1450.
Date of creation: 2005
Date of revision:
globalisation; globalization; trade; globalisation metrics; globalization metrics;
Other versions of this item:
- Raymond G. Riezman & John Whalley & Shunming Zhang, 2013. "Metrics capturing the degree to which individual economies are globalized," Applied Economics, Taylor & Francis Journals, vol. 45(36), pages 5046-5061, December.
- Raymond Riezman & John Whalley & Shunming Zhang, 2008. "Metrics Capturing the Degree to Which Individual Economies Are Globalized," University of Western Ontario, Economic Policy Research Institute Working Papers 20085, University of Western Ontario, Economic Policy Research Institute.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Douglas A. Irwin, 2000.
"Tariffs and Growth in Late Nineteenth Century America,"
NBER Working Papers
7639, National Bureau of Economic Research, Inc.
- Douglas A. Irwin, 2001. "Tariffs and Growth in Late Nineteenth Century America," The World Economy, Wiley Blackwell, vol. 24(1), pages 15-30, 01.
- Hamilton, Bob & Whalley, John, 1984. "Efficiency and distributional implications of global restrictions on labour mobility : Calculations and policy implications," Journal of Development Economics, Elsevier, vol. 14(1), pages 61-75.
- Piggott,John & Whalley,John, 2009. "UK Tax Policy and Applied General Equilibrium Analysis," Cambridge Books, Cambridge University Press, number 9780521104593, April.
- Shoven,John B. & Whalley,John, 1992.
"Applying General Equilibrium,"
Cambridge University Press, number 9780521266550, April.
- John Whalley, 2005.
"Globalization and Values,"
CESifo Working Paper Series
1441, CESifo Group Munich.
- Harry P. Bowen & Haris Munandar & Jean-Marie Viaene, 2009.
"How Integrated Is The World Economy?,"
Discussion Paper Series
2009-03, McColl School of Business, Queens University of Charlotte.
- Harry Bowen & Haris Munandar & Jean-Marie Viaene, 2010. "How integrated is the world economy?," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 146(3), pages 389-414, September.
- Martin Gonzalez-Eiras & Dirk Niepelt, 2004.
"Sustaining Social Security,"
2004 Meeting Papers
199, Society for Economic Dynamics.
- Martín Gonzalez-Eiras & Dirk Niepelt, 2005. "Sustaining Social Security," CESifo Working Paper Series 1494, CESifo Group Munich.
- Dirk Niepelt & Martin Gonzalez-Eiras, 2007. "Sustaining Social Security," 2007 Meeting Papers 95, Society for Economic Dynamics.
- Gonzales-Eiras, Martín & Niepelt, Dirk, 2004. "Sustaining Social Security," Seminar Papers 731, Stockholm University, Institute for International Economic Studies.
- Martin Gonzalez Eiras & Dirk Niepelt, 2004. "Sustaining Social Security," Working Papers 72, Universidad de San Andres, Departamento de Economia, revised Jun 2004.
- Riezman, Raymond & Whalley, John & Zhang, Shunming, 2011. "Distance measures between free trade and autarky for the world economy," Economic Modelling, Elsevier, vol. 28(4), pages 2000-2012, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julio Saavedra).
If references are entirely missing, you can add them using this form.