Duernecker, Georg; Meyer, Moritz; Vega‐Redondo, Fernando - In: Journal of Applied Econometrics 37 (2022) 6, pp. 1182-1203
We propose a novel approach to the study of international trade based on a theory of country integration that embodies a broad systemic viewpoint on the relationship between trade and growth. Our model leads to an indicator of country openness that measures a country's level of integration...