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Measuring Market Integration In The Global Economy

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  • Bolling, H. Christine

Abstract

The increased level of market integration in the processed food industry through trade, foreign direct investment, and the expanded use of intellectual property rights are an observed phenomenon of the past three decades. Measurement of market integration is problematic, and the role of FDI in market integration has not been adequately taken into consideration. This study measures the growth in the market shares of multinationals in selected countries and industries to indicate the degree of market integration. We also employ a market share convergence type model to estimate whether the market shares of the multinationals and domestically owned firms in key markets have converged to some steady state during the years 1991 to 2003.

Suggested Citation

  • Bolling, H. Christine, 2004. "Measuring Market Integration In The Global Economy," 2004 Annual meeting, August 1-4, Denver, CO 20269, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20269
    DOI: 10.22004/ag.econ.20269
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    References listed on IDEAS

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    1. James R. Markusen & Anthony J. Venables, 2021. "Multinational firms and the new trade theory," World Scientific Book Chapters, in: BROADENING TRADE THEORY Incorporating Market Realities into Traditional Models, chapter 3, pages 47-67, World Scientific Publishing Co. Pte. Ltd..
    2. Gordon H. Hanson & Raymond J. Mataloni & Matthew J. Slaughter, 2005. "Vertical Production Networks in Multinational Firms," The Review of Economics and Statistics, MIT Press, vol. 87(4), pages 664-678, November.
    3. Bolling, H. Christine & Somwaru, Agapi & Kruse, Jamie Brown, 2001. "The United States In The Global Soybean Market: Where Do We Go From Here?," 2001 Annual meeting, August 5-8, Chicago, IL 20698, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Gaskins, Darius Jr., 1971. "Dynamic limit pricing: Optimal pricing under threat of entry," Journal of Economic Theory, Elsevier, vol. 3(3), pages 306-322, September.
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