Does International Trade Catch up with National Trade of Countries? Yes
AbstractThe paper applies an index suggested by Jeffrey Frankel on how to measure the gap between the intensity of national versus international transactions of a country to more than 100 countries over four periods between 1990 and 2005. The gap stands for "incomplete" globalization. It is shown that the gap has steadily declined for most countries over the sample period irrespective of income levels. While larger economies are still less globalized than small economies, differences in domestic market size have become less important as a dividing linie between more and less globalized economies
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1519.
Length: 18 pages
Date of creation: May 2009
Date of revision:
Globalization; Market Integration; International Trade;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
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