Chapter 8: Measuring the effects of international economic integration
AbstractChapter 8 deals with the measurement of the effects of international economic integration. There are serious methodological limits to the quantification of these effects, as well as interpretations of the results of studies. Most importantly, it is not yet possible to create a reliable counterfactual situation that would simulate scenarios occurring with and without integration. It is stated that the end result of estimations is an amalgam of various effects, some of which have nothing to do with integration. Hence the theory of international economic integration is in certain dimensions more intuitive than conclusive.
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