Measuring Economic Integration in Developing Countries: The Case of Central America

This article builds a composite index, the Central American Integration Index (IIC‐AMPI), to measure economic integration. This index utilises a robust methodology and conceptual framework. The study shows that IIC‐AMPI is responsive to variable changes and resistant to outliers. The findings indica...

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Bibliographic Details
Published inBulletin of Latin American research Vol. 42; no. 5; pp. 692 - 706
Main Authors Recinos, Nelson Joaquin Salazar, del Pozo, Pedro Caldentey, Delgado, M. Carmen
Format Journal Article
LanguageEnglish
Published Oxford Wiley Subscription Services, Inc 01.11.2023
Subjects
Averages
Customs unions
Developing countries
Economic integration
Frame analysis
Indexes
LDCs
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Summary:This article builds a composite index, the Central American Integration Index (IIC‐AMPI), to measure economic integration. This index utilises a robust methodology and conceptual framework. The study shows that IIC‐AMPI is responsive to variable changes and resistant to outliers. The findings indicate that the Deep Integration Process initiative dominates the current integration trend, as seen in the regional average score from 2015 to 2017, aligning with Guatemala and Honduras. Nicaragua demonstrates the most consistent progress, while Panama lags behind. The evidence supports the Customs Union as Central America's future integration path, highlighting the index's ability to capture the dynamic reality of economic integration.
ISSN:0261-3050
1470-9856
DOI:10.1111/blar.13506