An inquiry into openness in international trade
Farhang Niroomand
(Department of Economics and International Business, The University of Southern Mississippi, Mississippi, USA)
Edward Nissan
(Department of Economics and International Business, The University of Southern Mississippi, Mississippi, USA)
3356
Abstract
The ratio of exports plus imports to gross national product may be viewed as a measure of openness in international trade. Constructs indexes for 1967, 1980 and 1988, using this ratio for cross‐country comparison of trade patterns. Analysis of variance and regression reveal that the patterns among countries differ according to levels of income, and that there was a trend towards convergence of the index in the late 1980s reversing an earlier trend towards divergence.
Keywords
Citation
Niroomand, F. and Nissan, E. (1997), "An inquiry into openness in international trade", Journal of Economic Studies, Vol. 24 No. 3, pp. 167-178. https://doi.org/10.1108/01443589710167374
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited