International Trade Modeling Indices and Measurement Issues

Soumitra Kumar Bera

MPRA Paper from University Library of Munich, Germany

Abstract: Trade indices are used to measure different aspects of a country’s participation in world trade. Such indices range from Trade Openness Index (TOI) measuring the degree of openness of a country, to Commodity Concentration Index (CCI) and Revealed Comparative Advantage (RCA) measuring diversity and competitiveness of a country’s export basket. However, each index being a summary measure has its own limitation and specific use. One must, therefore, be extremely careful in drawing policy conclusions from the values of these indices obtained in the context of a given data set at hand.

Keywords: Internationa Trade; RCA; CCI (search for similar items in EconPapers)
JEL-codes: F12 F18 P45 (search for similar items in EconPapers)
Date: 2008-06-07
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