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The import penetration rate and the size of an economy: analysis by trade in value added

The import penetration rate and the size of an economy: analysis by trade in value added The paper aims to estimate the level of market import penetration in selected countries using the traditional import penetration rate (IPR) and the modified formula, taking into account the concept of measuring foreign trade in added value (IPRcor). It also aims to examine the relationship between the IPRcor and the size of the country's economy (measuring by GDP). The calculations made for 64 countries (37 developed countries and 27 developing countries) indicated a strong negative relationship between IPRcor and GDP in years 2005-2015 (Spearman's rank correlation Rs stood about -0.7), i.e., in reality the market import penetration of larger economies was lower than in smaller economies. The separation of developed and developing countries in the analysis showed that the average level of market import penetration of developing countries was slightly lower (Rs between -0.63 and -0.78) than in the group of developed countries (Rs between -0.66 and -0.83). http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Trade and Global Markets Inderscience Publishers

The import penetration rate and the size of an economy: analysis by trade in value added

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd
ISSN
1742-7541
eISSN
1742-755X
DOI
10.1504/ijtgm.2022.121437
Publisher site
See Article on Publisher Site

Abstract

The paper aims to estimate the level of market import penetration in selected countries using the traditional import penetration rate (IPR) and the modified formula, taking into account the concept of measuring foreign trade in added value (IPRcor). It also aims to examine the relationship between the IPRcor and the size of the country's economy (measuring by GDP). The calculations made for 64 countries (37 developed countries and 27 developing countries) indicated a strong negative relationship between IPRcor and GDP in years 2005-2015 (Spearman's rank correlation Rs stood about -0.7), i.e., in reality the market import penetration of larger economies was lower than in smaller economies. The separation of developed and developing countries in the analysis showed that the average level of market import penetration of developing countries was slightly lower (Rs between -0.63 and -0.78) than in the group of developed countries (Rs between -0.66 and -0.83).

Journal

International Journal of Trade and Global MarketsInderscience Publishers

Published: Jan 1, 2022

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