Measuring Market-Product Integration
AbstractGlobalization -- the integration of national economies -- has become one of the most widely used buzzwords of the late 20th century. Yet there are remarkably few statistical measures of product-market integration across time, countries, and goods. In this paper we present some new measures of product-market integration based on price and quantity data. We find evidence of greater integration, but we also find that this process has not been uniform over time, countries, or goods.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 6969.
Date of creation: Feb 1999
Date of revision:
Publication status: published as Festschrift in Honor of Bob Lipsey, NBER Conference Volume, Blomstrom, Magnus and Linda Goldberg, eds., 2000, forthcoming.
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Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- F30 - International Economics - - International Finance - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-1999-03-01 (All new papers)
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