Adam Smith Meets an Index of Specialization in International Trade
Development economists agree that increasing export diversification is a concomitant to economic development. An accepted explanation for Africa’s export stagnation is its dependence on monoculture, and on small number of commodities. Recently a large body of literature focuses on the relationship between economic growth and export specialization. However, there does not exist one generally acceptable measure or index for the concept of “Specialization in International Trade”. This paper suggest one such measure for specialization and its theoretical and conceptual framework are developed and applied to Singapore, South Korea, Malaysia, Mexico, Tunisia and Morocco, during the years of their take offs.
|Date of creation:||06 Aug 2010|
|Date of revision:|
|Contact details of provider:|| Postal: 3718 Locust Walk, Philadelphia, PA 19104|
Web page: http://economics.sas.upenn.edu/pier
More information through EDIRC
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.:
- Claro, Sebastian, 2008.
"FDI Liberalization as a Source of Comparative Advantage in China,"
Working Paper Series
RP2008/91, World Institute for Development Economic Research (UNU-WIDER).
- Sebastian Claro, 2009. "FDI Liberalization as a Source of Comparative Advantage in China," Review of Development Economics, Wiley Blackwell, vol. 13(4), pages 740-753, November.
- Kazunobu Hayakawa, 2007. "Growth Of Intermediate Goods Trade In East Asia," Pacific Economic Review, Wiley Blackwell, vol. 12(4), pages 511-523, October.
- Irving B. Kravis & Robert E. Lipsey, 1971. "Price Competitiveness in World Trade," NBER Books, National Bureau of Economic Research, Inc, number krav71-1, October.
- Iordanis Petsas, 2010.
"Sustained Comparative Advantage and Semi-Endogenous Growth,"
Review of Development Economics,
Wiley Blackwell, vol. 14(1), pages 34-47, 02.
- Petsas, Iordanis, 2009. "Sustained Comparative Advantage and Semi-Endogenous Growth," MPRA Paper 14297, University Library of Munich, Germany.
- Kravis, Irving B & Lipsey, Robert E, 1982.
"Prices and Market Shares in the International Machinery Trade,"
The Review of Economics and Statistics,
MIT Press, vol. 64(1), pages 110-16, February.
- Irving B. Kravis & Robert E. Lipsey & Dennis M. Bushe, 1980. "Prices and Market Shares in the International Machinery Trade," NBER Working Papers 0521, National Bureau of Economic Research, Inc.
- Vollrath, Thomas L. & Johnston, Paul V., 1991. "The Influence of the Commodity Composition of Trade on Economic Growth," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, issue 1.
- Joshua Aizenman & Jaewoo Lee, 2010. "Real Exchange Rate, Mercantilism And The Learning By Doing Externality," Pacific Economic Review, Wiley Blackwell, vol. 15(3), pages 324-335, 08.
- Christopher Balding, 2010. "Joining the World Trade Organization: What is the Impact?," Review of International Economics, Wiley Blackwell, vol. 18(1), pages 193-206, 02.
When requesting a correction, please mention this item's handle: RePEc:pen:papers:10-029. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dolly Guarini)
If references are entirely missing, you can add them using this form.