The dynamics of trade composition: Do trade-type interdependencies matter?

T. Fernández-núñez and Miguel Márquez

The Journal of International Trade & Economic Development, 2014, vol. 23, issue 5, 710-734

Abstract: This paper explores the changes of trade composition in the Food Products, Beverages & Tobacco industry in the European Union (12 countries) from 1985 to 2007, using an empirical modeling framework based on the statistical support proposed by Márquez et al. The contribution of this study is mainly empirical. On the one hand, we investigate whether the interdependencies (complementary or substitutable) between trade types are significant and hence if they are able to affect trade composition. And on the other, we provide a ranking of the dynamic drivers of trade composition (such as market size, endowments, technology, and consumer tastes and preferences). The econometric analysis reveals evidence of significant interdependencies between some trade components. The results point to technological capital and market size as the most important drivers of Food Products, Beverages & Tobacco in European trade, and suggest some relevant economic policy recommendations to foster industries in the sector and positively influence its pattern of trade.

Date: 2014
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/09638199.2013.778897 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jitecd:v:23:y:2014:i:5:p:710-734

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RJTE20

DOI: 10.1080/09638199.2013.778897

Access Statistics for this article

The Journal of International Trade & Economic Development is currently edited by Pasquale Sgro, David E.A. Giles and Charles van Marrewijk

More articles in The Journal of International Trade & Economic Development from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().