Evolving patterns of international trade

James Proudman and Stephen Redding

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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.

Keywords: Distribution dynamics; international trade; Markov chains; revealed comparative advantage. (search for similar items in EconPapers)
JEL-codes: C10 E10 O30 (search for similar items in EconPapers)
Date: 2000-08
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Citations: View citations in EconPapers (132)

Published in Review of International Economics, August, 2000, 8(3), pp. 373-396. ISSN: 0965-7576

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http://eprints.lse.ac.uk/206/ Open access version. (application/pdf)

Related works:
Journal Article: Evolving Patterns of International Trade (2000)
Working Paper: Evolving Patterns of International Trade (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:206

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