Three Measures of Trade Dependence: A Critique

Economists use various trade dependence indexes as an aggregate measure for comparing across countries the importance of trade and the influence of trade policy. Two commonly used indexes, the trade/GDP index and the export/GDP index, lack mathematical attributes necessary to accurately represent trade dependence. A new index developed in this report, the "trade dependence index" (TDI), should better serve the needs of trade researchers. The TDI unambiguously specifies a country's trade dependence on a scale between zero and 100. Moreover, for any degree of trade dependence there is only one index value.


Issue Date:
1992-04
Publication Type:
Report
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278633
Language:
English
Total Pages:
31
Series Statement:
AGES 9213




 Record created 2018-10-18, last modified 2020-10-28

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