Comparative Advantage, Complementarity, Market Diversification and Trade Instability : A Case Study of Pakistan
In this paper pattern of Pakistan's exports, comparative advantage of exports, Complementarity and commodity concentration of exports and export instability of Pakistan are analyzed. The mismatch between Pakistan's exports and world imports in also identified. Different indices have been utilized to draw empirical evidences, such as comparative advantage index, commodity concertration index, and export instability index and Complementarity index etc. The results of the study indicated that, form 1972 to 1998, the growth rate of Pakistan's exports has increased, despite the wide variation in growth rates of demand for exports, across the trading member states.
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