Riezman, RG., J. Whalley, S. Zhang——Applied Economics: Metrics capturing the degree to which individual economies are globalized
时间:2013-12-22
We discuss metrics of globalization for individual economies as distance measures between fully integrated and trade restricted equilibria in economies initially operating under less than full integration with the global economy. Such metrics can be used to construct country globalization metrics reflecting the distance of economies from full global integration due to trade barriers, barriers to factor flows, barriers to international financial intermediation, solved technological diffusion and