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Measuring global and regional trade integration in terms of concentration of access
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.
History
School
- Business and Economics
Department
- Economics
Published in
Review of World EconomicsVolume
143Issue
(2)Pages
256 - 276Citation
EDWARDS, T.H., 2007. Measuring global and regional trade integration in terms of concentration of access. Review of World Economics, 143 (2), pp.256-276.Publisher
Springer © Kiel InstituteVersion
- VoR (Version of Record)
Publisher statement
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/Publication date
2007Notes
This paper is closed access.ISSN
1610-2878Publisher version
Language
- en