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Trade diversification in Colombia, 1991-2011

Ricardo Argüello ()
Authors registered in the RePEc Author Service: Ricardo Arguello ()

Documentos de Trabajo from Universidad del Rosario

Abstract: Abstract: We describe the evolution of international trade and the behavior of export diversification in Colombia during the period 1991-2011. For measuring trade diversification and following up its behavior along the period, we employ alternative ways of decomposing trade flows along its intensive and extensive margins, using the latter as a measure of diversification. Results indicate that, in the short run, trade diversification in Colombia can be characterized as weak but that there is a modest trend for an increase in its importance. With some differences in degree, for both exports and imports, the number of partner countries increases faster than the number of products contained in the average basket traded and, simultaneously, the number of traded products increases faster than the average number of countries with which they are traded. Hence, trade diversification in Colombia seems to follow a pattern that implies that trade with new partners tends to be relatively slowly populated in terms of products or, from the opposite point of view, trade of new products is relatively sluggish in extending to new partner countries.

Keywords: Export diversification; import diversification; trade margins; Colombia; empirical trade studies (search for similar items in EconPapers)
JEL-codes: F14 O24 (search for similar items in EconPapers)
Pages: 39
Date: 2013-11-04
New Economics Papers: this item is included in nep-int
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http://repository.urosario.edu.co/bitstream/handle/10336/11017/11016.pdf

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Journal Article: Trade diversification in Colombia, 1991-2011 (2017) Downloads
Working Paper: Trade diversification in Colombia, 1991-2011 (2013) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:col:000092:011016

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