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Empirical Relevance of the Hillman Condition for Revealed Comparative Advantage: 10 Stylized Facts

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Jeroen Hinloopen ()
Charles van Marrewijk ()

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Abstract

The theoretically necessary and sufficient condition for the correspondence between `revealed'comparative advantage and pre-trade relative prices derived by Hillman (1980) is analyzed empricially for virtually all countries of the world over an extended period of time. This yields 10 stylized facts, including that (i) violations of the Hillman condition are small as a share of the number of observations, but quite substantial as a share of the value of world exports, (ii) violations occur relatively frequent in the period 1970 ­ 1984 while they hardly ever occur in the period 1985 ­ 1997, and (iii) violations occur foremost in primary product and natural-resource intensive sectors, for sectors in countries in Africa, the Middle East, Latin America, and Eastern Europe. The condition appears also to be useful for identifying erroneous trade flow classifications.

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Paper provided by Utrecht School of Economics in its series Working Papers with number 05-24.

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Length: 25 pages
Date of creation: Feb 2005
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Handle: RePEc:use:tkiwps:0524

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Related research
Keywords: Balassa index; Hillman condition; comparative advantage;

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Find related papers by JEL classification:
C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Microeconomic Data
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
F11 - International Economics - - Trade - - - Neoclassical Models of Trade
F20 - International Economics - - International Factor Movements and International Business - - - General

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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. Jeroen Hinloopen & Charles Marrewijk, 2001. "On the empirical distribution of the Balassa index," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 137(1), pages 1-35, March. [Downloadable!] (restricted)
  2. Imre Fert– & L. J. Hubbard, 2003. "Revealed Comparative Advantage and Competitiveness in Hungarian Agri-Food Sectors," The World Economy, Blackwell Publishing, vol. 26(2), pages 247-259, 02. [Downloadable!] (restricted)
  3. Svaleryd, Helena & Vlachos, Jonas, 2005. "Financial markets, the pattern of industrial specialization and comparative advantage: Evidence from OECD countries," European Economic Review, Elsevier, vol. 49(1), pages 113-144, January. [Downloadable!] (restricted)
  4. Proudman, James & Redding, Stephen J, 1998. "Persistence and Mobility in International Trade," CEPR Discussion Papers 1802, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  5. Jeroen Hinloopen & Charles van Marrewijk, 2004. "Dynamics of Chinese Comparative Advantage," Tinbergen Institute Discussion Papers 04-034/2, Tinbergen Institute. [Downloadable!]
  6. Arye Hillman, 1980. "Observations on the relation between “revealed comparative advantage” and comparative advantage as indicated by pre-trade relative prices," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 116(2), pages 315-321, June. [Downloadable!] (restricted)
  7. 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)
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  8. Štefan Bojnec, 2001. "Trade and Revealed Comparative Advantage Measures: Regional and Central and East European Agricultural Trade," Eastern European Economics, M.E. Sharpe, Inc., vol. 39(2), pages 72-98, March. [Downloadable!] (restricted)
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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. Möllers, Judith & Zier, Patrick & Frohberg, Klaus & Buchenrieder, Gertrud & Bojnec, Stefan, 2009. "Croatia's EU Accession: Socio-economic Assessment of Farm Households and Policy Recommendations," MPRA Paper 17365, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  2. Jessie Bakens & Henri de Groot, 2007. "Globalisation and the Dutch Economy," CPB Discussion Papers 89, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
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