Riezman, Raymond; Whalley, John; Zhang, Shunming - In: Economic Modelling 28 (2011) 4, pp. 2000-2012
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...