Measuring Market-Product Integration
Globalization -- 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.
|Date of creation:||Feb 1999|
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|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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