A New Globalization Index
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“Measuring” globalization is a very intriguing task in International economics. Certainly, I am neither the first economist to attempt to build a globalization index , nor the last. What I can say is that, I am trying to do it in an original way. The new index shows a clear slow-down in 2007–2010 and a smaller one in 2015. According to the thesis of this book in the medium term, globalization is falling back permanently. The reasons are explained in the next four chapters.
KeywordsPrincipal Components Analysis (PCA) Econometric models Globalization’s components Globalization’s impact Shocks to Globalization
- Reinhart, C. M., & Rogoff, K. S. (2009). This time is different. Princeton and Oxford: Princeton University Press.Google Scholar