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Evolving patterns of international trade

By James Proudman and Stephen Redding

Abstract

Theoretical models of growth and trade suggest that patterns of international specialization are dynamic and evolve endogenously over time. Initial comparative advantages are either reinforced or gradually unwound with the passage of time. This paper puts forward an empirical framework for modeling international trade dynamics that uses techniques widely employed in the cross-country literature on income convergence. On applying this framework to industry-level data, evidence is found for significant differences in international trade dynamics among the G-5 economies

Topics: HB Economic Theory
Publisher: Blackwell
Year: 2000
DOI identifier: 10.1111/1467-9396.00229
OAI identifier: oai:eprints.lse.ac.uk:206
Provided by: LSE Research Online
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