Kiel Working Papers, Kiel Institute for World Economics
No 1519:
Does International Trade Catch up with National Trade of Countries? Yes.
Rolf J. Langhammer
Abstract: The paper applies an index suggested by Jeffrey Frankel on
how to measure the gap between the intensity of national versus
international transactions of a country to more than 100 countries over
four periods between 1990 and 2005. The gap stands for "incomplete"
globalization. It is shown that the gap has steadily declined for most
countries over the sample period irrespective of income levels. While
larger economies are still less globalized than small economies,
differences in domestic market size have become less important as a
dividing linie between more and less globalized economies
Keywords: Globalization, Market Integration, International Trade; (follow links to similar papers)
JEL-Codes: F15; (follow links to similar papers)
18 pages, May 2009
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