Specialization dynamics

Redding, Stephen (2002) Specialization dynamics. Journal of International Economics, 58 (2). pp. 299-334. ISSN 0022-1996

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Abstract

This paper proposes a new empirical framework for analyzing specialization dynamics. A country’s pattern of specialization is viewed as a distribution across sectors, and statistical techniques for analyzing the evolution of this entire distribution are employed. The empirical framework is implemented using data on 20 industries in 7 OECD countries since 1970. We find substantial mobility in patterns of specialization. Over time horizons of 5 years, this is largely explained by forces common across countries including world prices and common changes in technical efficiency. Over longer time horizons, country-specific changes in factor endowments become more important. There is no evidence of an increase in countries’ overall degree of specialization.

Item Type:	Article
Official URL:	http://www.elsevier.com/wps/find/journaldescriptio...
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Divisions:	Centre for Economic Performance Economics
Subjects:	H Social Sciences > HB Economic Theory
JEL classification:	F - International Economics > F1 - Trade > F14 - Country and Industry Studies of Trade F - International Economics > F1 - Trade > F11 - Neoclassical Models of Trade C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods: General > C14 - Semiparametric and Nonparametric Methods
Date Deposited:	30 Jun 2006
Last Modified:	13 Sep 2024 21:34
URI:	http://eprints.lse.ac.uk/id/eprint/210

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