Trade Globalization Index Through The Prism of Quantitative Methods

Globalization is one of the most contested topics; in fact even the definition of globalization is hotly debated, and often contested, it as not been reached precise, widely-agreed definition. In fact the concept of globalization is wide and little defined in its boundaries and encompasses a range of disciplines and different perspectives.

The article presents an unconventional approach to trade, namely through the prism of trade globalization.
Trade (in percent of GDP): sum of exports and imports of goods and services measured as a share of gross domestic product. The study was limited to countries that are part of the European continent.

The aim of the article is to analyze term in Europe in different time perspectives. In addition the aim of  the article is indication using the appropriate tools and models of factors having the greatest and least impact on the development of this phenomenon in different time horizons. Trend analysis and long and short period dependencies in trade globalisation are based non-linear ordering and wavelet analysis. A discrete wavelet was used for wavelet analysis of the time series studied. In the process of discrete wavelet transformation, the received signal is divided into so-called approximation and detail. Approximation is then subjected to a subsequent division into further approximation and detail, while details are not subject to further divisions. In this way, the signal is presented as the sum of the approximation of the last level and the details from all levels.