The dynamics of international trade integration: 1967–2004
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Other documents of the author: Arribas, Iván; Pérez García, Francisco; Tortosa-Ausina, Emili
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http://dx.doi.org/10.1007/s00181-012-0679-9 |
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Title
The dynamics of international trade integration: 1967–2004Date
2014Publisher
Springer VerlagISSN
0377-7332; 1435-8921Type
info:eu-repo/semantics/articlePublisher version
http://link.springer.com/article/10.1007/s00181-012-0679-9Abstract
This article explores how trade integration has advanced over the last four
decades and what the foreseeable future holds, among other related questions. To
this end, we consider certain methods which have scarcely ... [+]
This article explores how trade integration has advanced over the last four
decades and what the foreseeable future holds, among other related questions. To
this end, we consider certain methods which have scarcely been used in the literature
on trade integration. First, we measure trade integration through a set of indicators
which control not only for how open economies are, but also for their degrees of
connectedness in the World Trade Web. Second, we assess how these indicators have
evolved over time, what the likely steady state distribution might be, and whether
results could differ depending on a variety of weighting schemes (GDP, population).
The results show that, under current trends, future world trade will be much more
trade-integrated, especially for the most heavily populated countries. However, there
is still a long way to go before reaching the hypothetical scenario of geographically
neutral trade. [-]
Is part of
Empirical Economics, 2014, vol 46, núm 1Rights
© Springer-Verlag Berlin Heidelberg 2013
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