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Overall Specialization and Income: Countries Diversity

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Author Info
Luca De Benedictis (Università di Macerata)
Marco Gallegati (Università Politecnica delle Marche)
Massimo Tamberi (Università Politecnica delle Marche)

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Abstract

 

 

 

This paper gives evidence to a stylized fact often disregarded in international trade empir-

ics: countries' diversification. In the last fifteen years, the growth of world trade coexisted
with the tendency of countries to reduce the specialization of their export composition
along the development path. On average, countries do not specialize, they diversify. Our
semiparametric empirical analysis shows how this result is robust to the use of different
statistical indexes used to measure trade specialization to the level of sectoral aggrega-
tion and to the level of smoothing in the nonparametric term associated to income per
capita. Using a General Additive Model (GAM) with country-specific fixed-effect, we show
that, controlling for countries heterogeneity, sectoral export diversification increases with
income.

 

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Publisher Info
Paper provided by Macerata University, Department of Finance and Economic Sciences in its series Working Papers with number 37-2006.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 29
Date of creation: Oct 2006
Date of revision: Oct 2008
Publication status: Forthcoming in The Review of World Economics, 1, 2009
Handle: RePEc:mcr:wpdief:wpaper00037

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Related research
Keywords: Nonparametrics; International Trade; Specialization;

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This paper has been announced in the following NEP Reports: References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Robert C. Feenstra & Andrew K. Rose, 2000. "Putting Things In Order: Trade Dynamics And Product Cycles," The Review of Economics and Statistics, MIT Press, vol. 82(3), pages 369-382, August. [Downloadable!] (restricted)
  2. Luca De Benedictis & Massimo Tamberi, 2004. "Overall Specialization Empirics: Techniques and Applications," Open Economies Review, Springer, vol. 15(4), pages 323-346, October. [Downloadable!]
  3. Redding, Stephen, 2002. "Specialization dynamics," Journal of International Economics, Elsevier, vol. 58(2), pages 299-334, December. [Downloadable!] (restricted)
  4. Luca De Benedictis & Marco Gallegati & Massimo Tamberi, 2008. "Semiparametric analysis of the specialization-income relationship," Journal of Economic Methodology, Taylor and Francis Journals, vol. 15(4), pages 301-306. [Downloadable!] (restricted)
  5. Stokey, Nancy L, 1988. "Learning by Doing and the Introduction of New Goods," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 701-17, August. [Downloadable!] (restricted)
    Other versions:
  6. Andrea Brasili & Paolo Epifani & Rodolfo Helg, 2000. "On the Dynamics of Trade Patterns," CESPRI Working Papers 115, CESPRI, Centre for Research on Innovation and Internationalisation, Universita' Bocconi, Milano, Italy, revised Jul 2000. [Downloadable!]
    Other versions:
  7. Jean Imbs & Romain Wacziarg, 2003. "Stages of Diversification," American Economic Review, American Economic Association, vol. 93(1), pages 63-86, March. [Downloadable!]
    Other versions:
  8. Sebnem Kalemli-Ozcan & Bent E. Sørensen & Oved Yosha, 2003. "Risk Sharing and Industrial Specialization: Regional and International Evidence," American Economic Review, American Economic Association, vol. 93(3), pages 903-918, June. [Downloadable!]
    Other versions:
  9. Elhanan Helpman & Marc Melitz & Yona Rubinstein, 2006. "Trading Partners and Trading Volumes," DEGIT Conference Papers c011_022, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
  10. Peretto, Pietro F., 2003. "Endogenous market structure and the growth and welfare effects of economic integration," Journal of International Economics, Elsevier, vol. 60(1), pages 177-201, May. [Downloadable!] (restricted)
  11. Christian Broda & David W. Weinstein, 2004. "Variety Growth and World Welfare," American Economic Review, American Economic Association, vol. 94(2), pages 139-144, May. [Downloadable!]
  12. John DiNardo & Justin L. Tobias, 2001. "Nonparametric Density and Regression Estimation," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 11-28, Fall. [Downloadable!] (restricted)
    Other versions:
  13. Marius Brülhart, 1998. "Trading Places: Industrial Specialization in the European Union," Journal of Common Market Studies, Blackwell Publishing, vol. 36(3), pages 319-346, 09. [Downloadable!] (restricted)
  14. Proudman, James & Redding, Stephen, 2000. "Evolving Patterns of International Trade," Review of International Economics, Blackwell Publishing, vol. 8(3), pages 373-96, August. [Downloadable!] (restricted)
    Other versions:
  15. Miklos Koren & Silvana Tenreyro, 2003. "Diversification and development," Working Papers 03-3, Federal Reserve Bank of Boston. [Downloadable!]
  16. Acemoglu, Daron & Zilibotti, Fabrizio, 1997. "Was Prometheus Unbound by Chance? Risk, Diversification, and Growth," Journal of Political Economy, University of Chicago Press, vol. 105(4), pages 709-51, August.
    Other versions:
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Amador, João & Cabral, Sónia & Ramos Maria, José, 2007. "International Trade Patterns over the Last Four Decades: How does Portugal Compare with other Cohesion Countries?," MPRA Paper 5996, University Library of Munich, Germany. [Downloadable!]
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