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Assessment of latin American and Caribbean Countries in the international economy

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  • Farhang Niroomand
  • Edward Nissan

Abstract

Based on the construction of two composite indices for economic integration, this paper looks at the hierarchical position of Latin America and the Caribbean. The two indices, called the speed of integration and the initial level of integration, are composed of changes and initial values of real trade as a share of GDP, institutional investor rating, FDI as a share of GDP, and manufacturing export as a share of GDP. Mexico ranked first and Peru ranked last for the speed index, while Trinidad and Tobago ranked first and Nicaragua ranked last for the initial level index. Copyright International Atlantic Economic Society 2002

Suggested Citation

  • Farhang Niroomand & Edward Nissan, 2002. "Assessment of latin American and Caribbean Countries in the international economy," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 8(2), pages 128-134, May.
  • Handle: RePEc:kap:iaecre:v:8:y:2002:i:2:p:128-134:10.1007/bf02295343
    DOI: 10.1007/BF02295343
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    References listed on IDEAS

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    1. Slaughter, Matthew J, 1997. "Per Capita Income Convergence and the Role of International Trade," American Economic Review, American Economic Association, vol. 87(2), pages 194-199, May.
    2. Matthew J. Slaughter, 1997. "Per Capita Income Convergence and the Role of International Trade," NBER Working Papers 5897, National Bureau of Economic Research, Inc.
    3. E. Baldwin, Richard & Seghezza, Elena, 1998. "Regional Integration and Growth in Developing Nations," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 13, pages 367-399.
    4. Matthew P. Drennan, 1999. "articles: National structural change and metropolitan specialization in the United States," Papers in Regional Science, Springer;Regional Science Association International, vol. 78(3), pages 297-318.
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