Kiel Working Papers, Kiel Institute for World Economics
No 1661:
European Economic Integration in Econometric Modelling – Concepts, Measures and Illustration
Christiane Krieger-Boden and Rüdiger Soltwedel
Abstract: Processes of regional economic integration have been
shaping the economic relations between countries significantly during the
last decades. In addition, an increasing integration of the national
economies into the global economy has affected these economic relations,
too. In an effort to operationalize these integration processes for the
purpose of empirical analyses, this paper reviews and analyses concepts and
actual measures of European integration and globalization. In particular,
it discusses how to separate the effects of European integration from those
of globalization. The paper searches for regional integration and
globalization indices that reduce the endogeneity problem, and it discusses
collinearity between them, and their workability in an illustrative gravity
model
Keywords: European integration, integration indicator, globalization, gravity model; (follow links to similar papers)
JEL-Codes: F15; (follow links to similar papers)
24 pages, November 2010
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