Regionalism in Trade: An Overview of the Last Half-Century

Michael Michaely
Additional contact information
Michael Michaely: Department of Economics, The Hebrew University of Jerusalem, Mount Scopus, Jerusalem 91905, Israel

Global Economy Journal (GEJ), 2014, vol. 14, issue 03n04, 425-434

Abstract: The paper starts with a discussion of potential sources of regionalism in trade; and what, on this basis, might have been expected to be the performance of regionalism. In its main part, this is an empirical analysis of the actual change in the degree of regionalism over the last half-century, distinguishing four major groups of countries as “regions”. Judging by two complementary indices, it appears that the share of regional trading in world trade has increased substantially, so that much of the remarkable expansion of global trade has taken place via the channel of trade within specific regions.

Keywords: regionalism; world trade; twentieth century (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/abs/10.1515/GEJ-2014-0031
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:wsi:gejxxx:v:14:y:2014:i:03n04:n:gej-2014-0031

Ordering information: This journal article can be ordered from

DOI: 10.1515/GEJ-2014-0031

Access Statistics for this article

Global Economy Journal (GEJ) is currently edited by Joseph Pelzman

More articles in Global Economy Journal (GEJ) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().