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The dynamics of trade composition: Do trade-type interdependencies matter?

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  • T. Fernández-núñez
  • M.A. Márquez

Abstract

This paper explores the changes of trade composition in the Food Products, Beverages & Tobacco industry in the European Union (12 countries) from 1985 to 2007, using an empirical modeling framework based on the statistical support proposed by Márquez et al. The contribution of this study is mainly empirical. On the one hand, we investigate whether the interdependencies (complementary or substitutable) between trade types are significant and hence if they are able to affect trade composition. And on the other, we provide a ranking of the dynamic drivers of trade composition (such as market size, endowments, technology, and consumer tastes and preferences). The econometric analysis reveals evidence of significant interdependencies between some trade components. The results point to technological capital and market size as the most important drivers of Food Products, Beverages & Tobacco in European trade, and suggest some relevant economic policy recommendations to foster industries in the sector and positively influence its pattern of trade.

Suggested Citation

  • T. Fernández-núñez & M.A. Márquez, 2014. "The dynamics of trade composition: Do trade-type interdependencies matter?," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 23(5), pages 710-734, August.
    • Handle: RePEc:taf:jitecd:v:23:y:2014:i:5:p:710-734
    DOI: 10.1080/09638199.2013.778897
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    Cited by:

    1. Claudia V. Montanía & Teresa Fernández-Núñez & Miguel A. Márquez, 2021. "The role of the leading exporters in the global soybean trade," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 67(7), pages 277-285.

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