Interdependence through trade flows is probably the most studied kind of interdependence. Its study is usually based on simple indicators as the relative importance of intra-regional trade and its growth, which can easily be calculated.
More sophisticated indicators are available, which correct the former for size effects in order to allow for methodologically sound inter-regional comparisons (Iapadre,2000, 2001). The indicators of the degree of integration can be complemented with indicators of the direction and nature of commercial integration. This is particularly relevant from an analytical point of view. The composition of the flows induced by the integration process are good indicators of the underlying socio-economic changes that take place in the member countries. In the case of trade flows, for example,
indicators of intra-industry trade and of the technological content of intra-regional
trade28 can easily be calculated. A proposal for a combined set of indicators on (trade)
regionalisation has been made by Bensidoun and Chevallier (1998) (table 7)
Interdependence through trade flows is probably the most studied kind of interdependence. Its study is usually based on simple indicators as the relative importance of intra-regional trade and its growth, which can easily be calculated.More sophisticated indicators are available, which correct the former for size effects in order to allow for methodologically sound inter-regional comparisons (Iapadre,2000, 2001). The indicators of the degree of integration can be complemented with indicators of the direction and nature of commercial integration. This is particularly relevant from an analytical point of view. The composition of the flows induced by the integration process are good indicators of the underlying socio-economic changes that take place in the member countries. In the case of trade flows, for example,indicators of intra-industry trade and of the technological content of intra-regionaltrade28 can easily be calculated. A proposal for a combined set of indicators on (trade)regionalisation has been made by Bensidoun and Chevallier (1998) (table 7)
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