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Dynamics of Trade Specialization in Developed and Less Developed Countries

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  • JULIA W�RZ
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    Abstract

    The comparison of revealed comparative advantages for six regions (Organization for Economic Cooperation and Development [OECD] north and south, South and East Asia, Latin America, Central and Eastern Europe) and four skill types (from low- to high-skill-intensive industries) over the years 1981 to 1997 draws a clear picture of differentiation in industrial trade patterns, which has changed quantitatively but not qualitatively over time. There is a clear distinction between the trade patterns of advanced OECD countries and all other regions in the sample with respect to skill intensity of export industries. Two related trends dominate the picture: a trend toward convergence and a trend toward despecialization. Although similar to what has been previously observed for relatively homogenous groups of countries, it is surprising to also find these trends in this larger and more heterogeneous sample.

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    Bibliographic Info

    Article provided by M.E. Sharpe, Inc. in its journal Emerging Markets Finance and Trade.

    Volume (Year): 41 (2005)
    Issue (Month): 3 (May)
    Pages: 92-111

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    Handle: RePEc:mes:emfitr:v:41:y:2005:i:3:p:92-111

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    Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=111024

    Related research

    Keywords: dynamics of revealed comparative advantage; structural change; trade specialization;

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    Cited by:
    1. Pavel Ciaian & d'Artis Kancs & Jan Pokrivcak, 2008. "Comparative Advantages, Transaction Costs and Factor Content of Agricultural Trade: Empirical Evidence from the CEE," EERI Research Paper Series EERI_RP_2008_03, Economics and Econometrics Research Institute (EERI), Brussels.
    2. García, Pablo Marcelo, 2005. "Measuring Willingness-to-Pay in Discrete Chice Models with Semi-Parametric Techniques," Revista Latinoamericana de Desarrollo Economico, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana, issue 5, pages 83-100, Octubre.

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