Evolving patterns of international trade

Proudman, James and Redding, Stephen (2000) Evolving patterns of international trade. Review of International Economics, 8 (3). pp. 373-396. ISSN 0965-7576

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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.

Item Type:	Article
Official URL:	http://www.blackwellpublishing.com/journal.asp?ref...
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Divisions:	Centre for Economic Performance Economics
Subjects:	H Social Sciences > HB Economic Theory
JEL classification:	E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E10 - General C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods: General > C10 - General O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O30 - General
Date Deposited:	30 Jun 2006
Last Modified:	11 Dec 2024 22:15
URI:	http://eprints.lse.ac.uk/id/eprint/206

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