Measuring Global and Regional Trade Integration in Terms of Concentration
نویسنده
چکیده
I apply concentration measures from the inequality literature the Lorenz curve and Gini coefficient to the measurement of global and regional integration, and show that these can be derived from the theoretical gravity model in the presence of unequal costs of access for firms from different locations to a particular market. Overall, comparing 9 economies, I find that the USA is the most globalised on these measures, and India and China are the least globalised. The smaller EU economies, which are very open on standard measures, should probably be viewed as regionalised rather than globalised.
منابع مشابه
Financial Crisis and Steel Trade Integration in Asia and Pacific: A Static and Dynamic Analysis
The objective of this paper is to explore the effect of financial crisis on trade flows of steel industries in the major Asian-Pacific steel producing countries. Using a static and dynamic panel data analysis, we test the hypothesis that the global financial crisis has a negative effect on Asia-Pacific bilateral steel trade flows. We also examine the role of regional trade integration in bilate...
متن کاملThe Global Financial Crisis, Economic Integration and China’s Exports: A Causal and Predictive Analysis
Recent strong growth of China’s exports has elevated the country to a rising global economic power and caused geo-political concern to policy-makers in the country and its trading partners world-wide. What are the determinants of this growth, how has it affected major economies in ASEAN (World Bank, 2009) in particular, and what kind of evidence-based responses are required and appropriate? The...
متن کاملMeasuring Iran's Economy Status Indicators in Global Value Chains and Comparison with Selected Countries
Global value chains are a complex product of the international fragmentation of production expansion that has revolutionized the production organization of the global economy and increased trade in services and intermediary goods. This new form of trade has allowed developing countries to benefit from international trade with specialization and comparative advantage in tasks, without having a ...
متن کاملThe Interactive Relationship between Regional Trade Integration and Foreign Direct Investment
E conomic integration among countries has continued to deepen over the past decade. This is especially visible at the regional level, with the escalation of Regional Integration Agreements (RIAs) ranging from Free Trade Areas (FTAs) to Customs Unions (CUs). Nowadays, many developing countries have entered a new regional integration agreement with developed and developing countries. S...
متن کاملThe Impact of Integration on International Trade Flows: the Cases of EU, OIC & ECO
The growth of regional trade blocks has been one of the major developments in international relations in recent years. Regional agreements vary widely but, all have the objective of reducing barriers to trade between member countries that in most cases result in increasingly trade flows and economic growth. This paper attempts to explore the results of trade integration in ECO, EU and OIC block...
متن کامل