Evolving Patterns of International trade
AbstractTheoretical models of growth and trade suggest that patterns of international specialisation are inherently dynamic and evolve endogenously over time. Initial comparative advantages are either reinforced or gradually unwound with the passage of time. This paper put forward an empirical framework to evaluate the dynamics of international trade patterns, that uses techniques widely employed in the cross-country literature on income convergence. Applying this framework to industry-level data, we find evidence of significant differences in international trade dynamics among the G5 economies.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 1998-W11.
Date of creation: 01 Mar 1998
Date of revision:
Distribution Dynamics; International Trade; Markov Chains; Revealed Comparative Advantage;
Find related papers by JEL classification:
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
- F10 - International Economics - - Trade - - - General
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