Measuring Global and Regional Trade Integration in Terms of Concentration of Access |
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Authors: | T Huw Edwards |
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Institution: | (1) Department of Economics, Loughborough University, LE11 3TU Leics, UK;(2) Kiel Institute for the World Economy, Kiel, Germany |
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Abstract: | 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 aparticular market. Overall, comparing nine economies, I find
that the United States is the most globalized on these measures, and India and China are the least globalized. The smaller
EU economies, which are very open on standard measures, should probably be viewed as regionalized rather than globalized.
JEL no. F10, F15, C49 |
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Keywords: | Globalization regional integration trade statistics |
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