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Putting Things in Order: Patterns of Trade Dynamics and Macroeconomics

Author

Listed:
  • Feenstra, Robert
  • Rose, Andrew K

Abstract

This paper develops a procedure to rank-order countries and commodities using disaggregated US imports data. It finds strong evidence that both countries and commodities can be ranked, consistent with the ‘product cycle’ hypothesis. Countries habitually begin to export goods to the United States according to an ordering; goods are also exported in order. We estimate these orderings using a semi-parametric methodology that takes account of the fact that most goods are not exported by most countries in the sample. The orderings seem sensible, robust and intuitive. For instance, the country rankings derived from disaggregated trade data turn out to be highly correlated with macroeconomic phenomena such as national productivity levels and growth rates.

Suggested Citation

  • Feenstra, Robert & Rose, Andrew K, 1997. "Putting Things in Order: Patterns of Trade Dynamics and Macroeconomics," CEPR Discussion Papers 1629, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:1629
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    Citations

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    Cited by:

    1. Richard Baldwin, 2005. "Heterogeneous Firms and Trade: Testable and Untestable Properties of the Melitz Model," NBER Working Papers 11471, National Bureau of Economic Research, Inc.
    2. Richard E. Baldwin & Rikard Forslid, 2010. "Trade Liberalization with Heterogeneous Firms," Review of Development Economics, Wiley Blackwell, vol. 14(2), pages 161-176, May.
    3. MALEK MANSOUR Joffrey, "undated". "Trade Openness and Growth: Does Sector Specialization Matter?," EcoMod2003 330700093, EcoMod.

    More about this item

    Keywords

    Bilateral; Commodity; Country; Data; dis-aggregate; Empirical; Missing; Product Cycle; Rank; Semi-parametric; SITC;

    JEL classification:

    • F10 - International Economics - - Trade - - - General

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