Journal article | Zeitschriftenartikel
How integrated is the world economy?
This paper develops a methodology to measure the degree of economic integration between nations that are members of an integrated area. We show that a fully integrated economic area (IEA) is characterized by three properties regarding the distribution of member shares of total IEA output and total IEA stocks of physical and human capital. We then show that the expected distribution of member shares within a fully IEA is a harmonic series, with the share distribution depending only on the number of IEA members. This property is then used to develop a composite indicator of the degree of economic integration within an IEA that indicates the distance between the theoretical and actual distribution of shares: the closer is the actual distribution to the expected distribution, the greater the degree of integration. We empirically compute our degree of integration for US states, and alternative regional trading agreements (e.g., EU countries, MERCOSUR, Bangkok Agreement, etc.) and a “world” comprising 64 countries.
- Extent
-
Seite(n): 389-414
- Language
-
Englisch
- Notes
-
Status: Postprint; begutachtet (peer reviewed)
- Bibliographic citation
-
Review of World Economics, 146(3)
- Subject
-
Wirtschaft
Wirtschaftspolitik
Volkswirtschaftslehre
empirisch
- Event
-
Geistige Schöpfung
- (who)
-
Bowen, Harry P.
Munandar, Haris
Viaene, Jean-Marie
- Event
-
Veröffentlichung
- (where)
-
Deutschland
- (when)
-
2010
- DOI
- URN
-
urn:nbn:de:0168-ssoar-254569
- Rights
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Last update
-
21.06.2024, 4:27 PM CEST
Data provider
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Zeitschriftenartikel
Associated
- Bowen, Harry P.
- Munandar, Haris
- Viaene, Jean-Marie
Time of origin
- 2010
Other Objects (12)
A Land Reform Program for the Integrated Korean Economy
The organization of integrated business structures financing of the regional economy
Indonesian Economy Leading to a Political Year and How Foreign Banks Can Play a Role in Development
Human trafficking: fighting the illicit economy with the legitimate economy
Ethics in the economy
Network transformations in economy
Work in the kebab economy
The political economy of extraterritoriality
Spatial patterns of production linkages in the context of Europe's small towns: how are rural firms linked to the local economy?
From Knowledge-Based Economy to ... Knowledge-Based Economy? Reflections of Changes in the Economy and Development Policies in the North East of England
Facilitating Circular Economy in Urban Planning
Regulationstheorie, Cultural Political Economy und feministische Gesellschaftstheorie
A Land Reform Program for the Integrated Korean Economy
The organization of integrated business structures financing of the regional economy
Indonesian Economy Leading to a Political Year and How Foreign Banks Can Play a Role in Development
Human trafficking: fighting the illicit economy with the legitimate economy
Ethics in the economy
Network transformations in economy
Work in the kebab economy
The political economy of extraterritoriality
Spatial patterns of production linkages in the context of Europe's small towns: how are rural firms linked to the local economy?
From Knowledge-Based Economy to ... Knowledge-Based Economy? Reflections of Changes in the Economy and Development Policies in the North East of England
Facilitating Circular Economy in Urban Planning
Regulationstheorie, Cultural Political Economy und feministische Gesellschaftstheorie
A Land Reform Program for the Integrated Korean Economy
The organization of integrated business structures financing of the regional economy
Indonesian Economy Leading to a Political Year and How Foreign Banks Can Play a Role in Development
Human trafficking: fighting the illicit economy with the legitimate economy
Ethics in the economy
Network transformations in economy
Work in the kebab economy
The political economy of extraterritoriality
Spatial patterns of production linkages in the context of Europe's small towns: how are rural firms linked to the local economy?
From Knowledge-Based Economy to ... Knowledge-Based Economy? Reflections of Changes in the Economy and Development Policies in the North East of England
Facilitating Circular Economy in Urban Planning