A method for measuring international openness is elaborated. This synthetic indicator measures the capacity of countries for a given phenomenon adjusted for their weight in the same phenomenon. The method implemented and applied to international trade and illustrated here as a case study in merchandise exports, has a wide range of applications in the socio-economic field.
Journal of Modern Applied Statistical Methods:
1, Article 17.
Available at: http://digitalcommons.wayne.edu/jmasm/vol9/iss1/17