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Structural Change and International Trade

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  • Ben-David, Dan
  • Papell, David

Abstract

This paper examines trends in trade behaviour of 48 countries since the Second World War. In light of the substantial movement towards removal of trade impediments world-wide during the post-war period, this paper attempts to determine if, and when, countries experienced significant changes in the paths of their export-GDP and import-GDP ratios. We find that: (1) the time-paths of the trade ratios in most countries exhibit a structural break during the post-war period; (2) the extent of trade following the breaks exceeded the pre-break trade levels for the majority of countries; (3) the relationship between the timing of the break for imports and the timing of the break for exports is not particularly strong; and (4) there is little relation between the extent of the post-break to pre-break changes in imports and the post-break to pre-break changes in exports for most countries.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1568.

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Date of creation: Feb 1997
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Handle: RePEc:cpr:ceprdp:1568

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Keywords: International Trade; Structural Breaks;

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Cited by:
  1. Beckmann, Elisabeth & Fidrmuc, Jarko, 2009. "Oil Price Shock and Structural Changes in CMEA Trade," Discussion Papers in Economics 10963, University of Munich, Department of Economics.

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