Distance measures between free trade and autarky for the world economy

被引：3
作者：
Riezman, Raymond [2 ,3 ,4 ]
Whalley, John [1 ,3 ,5 ,6 ]
Zhang, Shunming [7 ]
机构：
[1] Univ Western Ontario, Dept Econ, London, ON, Canada
[2] Univ Iowa, Dept Econ, Iowa City, IA 52242 USA
[3] CES Ifo, Ctr Econ Studies, Inst Econ Res, Munich, Germany
[4] GEP, Leverhulme Ctr Res Globalisat & Econ Policy, Nottingham, England
[5] CIGI, Ctr Int Governance Innovat, Waterloo, ON, Canada
[6] NBER, Natl Bur Econ Res Inc, Cambridge, MA 02138 USA
[7] Renmin Univ China, Sch Finance, Beijing, Peoples R China
来源：
ECONOMIC MODELLING | 2011年 / 28卷 / 04期
关键词：
General equilibrium; Trade; World economy; Autarky;
D O I：
10.1016/j.econmod.2011.03.031
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We develop a methodology to determine numerically how globalized the world economy is. We present a global general equilibrium model capturing major OECD economies and a residual rest of world for which alternative metrics of distance between observed, free trade and autarky equilibria can be developed. We use data for 2000 and report a number of distance measures between the 2000 observed trade restricted equilibrium and both free trade and autarky equilibria noting the absence of prior literature on metrics of distance between equilibria. The measures are used to determine the degree to which the world economy is globalized. (C) 2011 Elsevier B.V. All rights reserved.
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页码：2000 / 2012
页数：13
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