The 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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Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number
1519.
References listed on IDEAS 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.:
Engel, Charles & Rogers, John H, 1996.
"How Wide Is the Border?,"
American Economic Review,
American Economic Association, vol. 86(5), pages 1112-25, December.
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