Is the world economy more integrated today than a century ago?
Mark Wheeler and
Susan Pozo
Atlantic Economic Journal, 1997, vol. 25, issue 2, 139-154
Abstract:
This paper evaluates whether economies have become more internationalized: the integration hypothesis. Unlike previous studies, the current study addresses the integration hypothesis by analyzing the impact on the U.S. of economic shocks from the rest of the world. This analysis includes data beginning in the 1870s. Most previous studies have examined only the post-World War II period. Variance decompositions derived from vector autoregressive models indicate that the U.S. economy has become more vulnerable to international events over time, suggesting that the world economy is more integrated today than a century ago. Copyright International Atlantic Economic Society 1997
Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://hdl.handle.net/10.1007/BF02298381 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:kap:atlecj:v:25:y:1997:i:2:p:139-154
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11293/PS2
DOI: 10.1007/BF02298381
Access Statistics for this article
Atlantic Economic Journal is currently edited by Kathleen S. Virgo
More articles in Atlantic Economic Journal from Springer, International Atlantic Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().