Openness index

Openness index

The Openness Index is an economic metric calculated as the ratio of country's total trade, the sum of exports plus imports, to the country's gross domestic product[1].

The interpretation of the Openness Index is the higher the index the larger the influence of trade on domestic activities.

References

  1. ^ Glossary, International Economics. "Deardorffs' Glossary of International Economics entry". http://www-personal.umich.edu/~alandear/glossary/o.html#openness. Retrieved 21 September 2011. 

External links


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