The bazaar economy hypothesis revisited : a new measure for Germany's international openness

Wang, Lars; Belke, Ansgar; Mattes, Anselm

The bazaar economy hypothesis revisited : a new measure for Germany's international openness

dc.contributor.author	Wang, Lars	de
dc.contributor.author	Belke, Ansgar	de
dc.contributor.author	Mattes, Anselm	de
dc.date.accessioned	2024-04-08T08:39:54Z
dc.date.available	2024-04-08T08:39:54Z
dc.date.created	2008-02-18
dc.date.issued	2007
dc.description.abstract	In this paper we argue that traditional measures of openness of an economy usually overstate the actual degree. This is due to the fact that traditional export or import shares are measured as a share of the gross domestic product. The former are expressed in gross terms, the latter in value added terms. In this way the actual interdependences between economies are overstated. We develop a new value based openness indicator that includes interregional and interindustrial dependencies. Based on a Leontief production system and input-output-tables we argue that export-induced imports of intermediate parts must be subtracted of the value of exports in order to obtain the real value added in the export sector. The same reasoning applies to the import side. We use these measures of actual openness to calculate openness indicators for Germany using GTAP data. We show that traditional measures of openness exaggerate the actual openness and argue that these new indicators are an important contribution to the debate about the German ?bazaar economy?.	en
dc.identifier.swb	282503609
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/5134
dc.identifier.urn	urn:nbn:de:bsz:100-opus-2361
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheimer Diskussionsbeiträge; 285
dc.rights.license	publ-ohne-pod	en
dc.rights.license	publ-ohne-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subject	Degree of openness	en
dc.subject	Openness to intra-regional trade	en
dc.subject	Bilateral trade	en
dc.subject	Value-added approach	en
dc.subject	Input-output analysis	en
dc.subject	Bazaar economy	en
dc.subject.ddc	330
dc.subject.gnd	Bilateraler Handel	de
dc.subject.gnd	Offene Volkswirtschaft	de
dc.subject.gnd	Input-Output-Analyse	de
dc.title	The bazaar economy hypothesis revisited : a new measure for Germany's international openness	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.faculty.number	3	de
local.institute.number	520alt	de
local.opus.number	236
local.series.issueNumber	285
local.series.title	Hohenheimer Diskussionsbeiträge
local.university	Universität Hohenheim	de
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institut für Volkswirtschaftslehre (bis 2010)	de

Files

Original bundle

Now showing 1 - 1 of 1

Name:: 285.pdf
Size:: 416.24 KB
Format:: Adobe Portable Document Format
Description:: Open Access Fulltext

Download

Collections

Institut für Volkswirtschaftslehre (bis 2010)