DHL Global Connectedness Index 2014

DHL Global Connectedness Index 2014
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5. DHL Global Connectedness Index Methodology – Notes
1 The Maastricht Globalization Index does seek to incorporate analysis of
harms associated with globalization. See Lukas Figge and Pim Martens.
“Globalisation Continues: The Maastricht Globalisation Index Revisited
and Updated.” Globalizations (2014). http://dx.doi.org/10.1080/14747731.2
014.887389.
2 Note that in the Depth Dimension, the data availability rules applied here
are stricter than those in the KOF Globalization Index (which only measures
Depth). The 2014 edition of that index allows results to be displayed
if up to 40% of the underlying variables are missing.
3 Due to missing world totals for some countries in portfolio equity
breadth data, for that component world totals from the depth data
source are used to calculate coverage ratios. World totals from depth
data were also used to calculate coverage ratios for Papua New Guinea’s
merchandise exports and Mali’s merchandise imports.
4 The impact of re-computing the normalization, however, is minimal.
When computing the 2010 scores based on normalization over the period
2005–2010 instead of 2005–2011, no country’s rank shifted up or down
more than two position, 82% of countries did not change ranks at all, and
the scores across the versions had a correlation of .999982.
5 Within its coverage of economic globalization, the KOF index does usefully
separate out into distinct categories actual flows versus restrictions
upon them, and on MGI one can easily strip out the political components.
On E&Y, it does not appear possible to separate out the policy components.
6 Refer to Chapter 4 of DHL Global Connectedness Index 2011.
7 These weights do not match those shown on Figure 5.4 because the
weights referenced in the text are the weights reported directly by E&Y
whereas the weights in the figure reflect our assignment of E&Y components
either to the pillars of the DHL Global Connectedness Index or to
the other categories shown in the figure.
8 Refer to Tables 5.4 and 5.5 for components on which 2013 data were not
yet available, prompting the use of 2012 data.
9 The edition prior to 2014 was 2009. This index’s less frequent publication
timetable implies an average lag even greater than KOF’s.