A Comparative Study of Trends in Globalization Using Different Synthetic Indicators
41 Pages Posted: 11 Apr 2012
Date Written: April 10, 2012
Using the KOF data at the annual level, we construct ten different composite indices for comparing the extent of globalization of 131 countries for eleven years, 1999-2009. We compare the different indices of globalization among themselves and also with the Dreher-KOF index of globalization and find that among the different indices the Dreher-Chebyshev index is the most representative one. Among the countries, we concentrate on the trends in globalization of India and her neighboring countries, Bangladesh, China, and Pakistan.
Keywords: synthetic, composite indices, pena indicators, particle swarm, combinatorial optimization, globalization, Tsallis entropy, Sharma-Mittal entropy, maximin problem
JEL Classification: C18, C43, C44, C61, F01, F15, F43
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