The Dynamics of International Trade Patterns

Paulo Bastos and Manuel Cabral ()

Discussion Papers from University of Nottingham, GEP

Abstract: This paper introduces new dynamic measures for examining changes in international trade patterns. Using data for 20 OECD countries over the 1980-2000 period, we show that inter-industry trade changes contrary to countries' previous specialisation are frequently the dominant form of trade expansion. The econometric analysis indicates that the observed changes in trade patterns were explained by initial endowments of human-capital and industry-specific changes in labour productivity and labour costs. The results also suggest that trade liberalisation induced an increase in the previous specialisation of larger OECD economies in industries with increasing returns to scale.

Keywords: Dynamics of international specialisation; trade liberalisation; technology transfers. (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://www.nottingham.ac.uk/gep/documents/papers/2007/07-06.pdf (application/pdf)

Related works:
Journal Article: The Dynamics of International Trade Patterns (2007)
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:not:notgep:07/06

Access Statistics for this paper

More papers in Discussion Papers from University of Nottingham, GEP School of Economics University of Nottingham University Park Nottingham NG7 2RD. Contact information at EDIRC.
Bibliographic data for series maintained by Hilary Hughes ().