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Indicators and Patterns of Specialization in International Trade

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  • Ferrarini, Benno
  • Scaramozzino, Pasquale

Abstract

This paper extends the analysis of the product space in two dimensions. It considers net trade flowsinstead of single-trade flows as the basis for the measurement of comparative advantage, andincorporates vertical specialization into the analysis. The representation of the product spaceappears very different according to a net-trade flow indicator compared to a single-trade flowindicator, with much fewer links to connect low and medium-low productivity sectors to mediumhighand high sectors. Vertical specialization is analysed through the distribution of unit valueswithin sectors. The pattern of trade specialization is radically different for low and for high unitvalues, thus justifying a separate analysis along different segments of the unit value distribution. 

Suggested Citation

  • Ferrarini, Benno & Scaramozzino, Pasquale, 2011. "Indicators and Patterns of Specialization in International Trade," Papers 148, World Trade Institute.
    • Handle: RePEc:wti:papers:148
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    References listed on IDEAS

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    1. Benno Ferrarini & Pasquale Scaramozzino, 2013. "Complexity, Specialization and Growth," CEIS Research Paper 275, Tor Vergata University, CEIS, revised 30 Apr 2013.
    2. Ines Kersan-Skabic, 2017. "Trade in Value Added (TiVA) in EU New Member States (EU NMS)," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 19(2), pages 105-133, December.
    3. Escaith, Hubert, 2016. "Revisiting growth accounting from a trade in value-added perspective," WTO Staff Working Papers ERSD-2016-01, World Trade Organization (WTO), Economic Research and Statistics Division.
    4. Naoki Sekiguchi, 2022. "The evolution of non-OECD countries in the twenty-first century: developments in steel trade and the role of technology," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 35(1), pages 103-132, March.

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