 Trade Diversity and Stages of Development–Evidence on EU CountriesEkonomia journal, 2012, vol. 30 Abstract: The paper presents the dynamics of trade diversification with respect to stages of development in the European context. The analysis focuses on EU27 countries observed across the years 1988–2010 and compared to a sample of 136 international economies at all levels of income per capita. We will use product level statistics (six digit HS0) and confront export and import patterns of absolute diversification/concentration. The results show that in line with \‘stages of diversification\’ approach [Imbs and Wacziarg, 2003], EU27 countries are characterized by a high degree of trade diversity (on average, EU27 countries export 78% and import 90% of goods effectively exported and imported at the world level) and within the analyzed period most of them registered a reconcentration of trade structures. Obtained estimation results confirm a positive relationship between trade diversity and economic development levels (conditional mainly upon the size of the country) with a possibility of reconcentration at higher stages of development (observable in nonparametric estimates). Keywords: diversification; concentration; trade; economic development (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eko:ekoeko:30_23 Access Statistics for this article More articles in Ekonomia journal from Faculty of Economic Sciences, University of Warsaw Contact information at EDIRC. |
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