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Trade Integration in the European Union: Relative Contributions of Openness and Interconnectedness

Author

Listed:
  • Pérez García Francisco

    () (UNIVERSITY OF VALENCIA VALENCIAN ECONOMIC RESEARCH INSTITUTE (Ivie))

  • Arribas Fernández Iván

    () (University of Valencia; Ivie)

  • Tortosa-Ausina Emili

    () (INSTITUTO VALENCIANO DE INVESTIGACIONES ECONÓMICAS (Ivie) UNIVERSITY JAUME I)

Abstract

This working paper presents a set of indicators to measure regional trade integration, with a special focus on the case of the European Union. We propose measures of openness, connectedness and integration which are tuned to evaluate not only how these components contribute to the advance of international integration but also to control for the poten-tial threat that the proliferation of regional trade agreements may pose to trade globalization. Although this and related questions have been examined from several perspectives, the present article combines the virtues of using a network analysis approach and the possibility to explicitly quantify how regional trade agreements either intensify or thwart in­ternational trade integration. Results show that the process of international trade integration has intensified among EU members, whereas trade integration with non-members is advancing slowly. Our indicators provide a more complete view of the differing speeds of integration, which depends on the component of integration considered -either open­ness or connectedness.

Suggested Citation

  • Pérez García Francisco & Arribas Fernández Iván & Tortosa-Ausina Emili, 2012. "Trade Integration in the European Union: Relative Contributions of Openness and Interconnectedness," Working Papers 2012112, Fundacion BBVA / BBVA Foundation.
  • Handle: RePEc:fbb:wpaper:2012112
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    References listed on IDEAS

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    1. Michael Grossman, 1972. "The Demand for Health: A Theoretical and Empirical Investigation," NBER Books, National Bureau of Economic Research, Inc, number gros72-1, January.
    2. Li Gan & Michael D. Hurd & Daniel L. McFadden, 2005. "Individual Subjective Survival Curves," NBER Chapters,in: Analyses in the Economics of Aging, pages 377-412 National Bureau of Economic Research, Inc.
    3. Osberg, Lars & Sharpe, Andrew, 2002. "An Index of Economic Well-Being for Selected OECD Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(3), pages 291-316, September.
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    Cited by:

    1. Emilio Espino & Julian Kozlowski & Juan M. Sánchez, 2013. "Regionalization vs. globalization," Working Papers 2013-002, Federal Reserve Bank of St. Louis.
    2. Hideaki Hirata & M. Ayhan Kose & Chris Otrok, "undated". "Regionalization vs. Globalization," Working Paper 164456, Harvard University OpenScholar.

    More about this item

    Keywords

    European Union; geographic neutrality; trade agreement; trade integration; network analysis.;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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