Trade Specialisation and Economic Convergence

What's so special about specialization in the euro area?

Two complementary channels might foster specialisation: the New Trade Theory and income insurance. In the New Trade Theory, Paul Krugman and Anthony Venables.

Trade and Convergence between Rich and Developing Countries

Innovation and Growth in the Global Economy. Cambridge, MA: MIT Press. Gunasekera, H.B. (1989). Intraindustry Specialization in Production and Trade in. Newly ...

Intraindustry Specialization and the Gains from Trade

Several recent empirical studies of trade suggest that interindustry specialization and trade, which reflect the conventional forces of comparative ...

the dynamics of international specialization - CEPR

the dynamics of patterns of specialisation ... Abundance Theory of Trade Works', American Economic Review, 87(3), ... larization, Stratification, and Convergence ...

Convergence, Interdependence, and Divergence

In theory, if greater specialization in production is encouraged by trade, sector-specific shocks will tend to reduce cyclical interdependence. But in practice ...

Convergence towards the Revealed Comparative Advantage ... - SJE

“Overall Trade. Specialization and Economic Development: Countries Diversify.” Review of World Economics 145 (No. 1 2009): 37-55. Ferto, I., and Soos, K. A. ...

Income terms of trade and economic convergence

Importantly, the negative effects of the ToT volatility were most pronounced in the developing economies (due to their commodity specialization ...

Specialization in the presence of trade and financial openness

The past few decades have witnessed an accelerated pace of economic integration, reflected by a very rapid growth in cross-border commercial ...

Can Vertical Specialization Explain the Growth of World Trade?

the U.S. to be higher than that of the ROW, and to let the ROW economy dynamically converge in size to the U.S. In a Ricardian model with Cobb-Douglas ...

Specialize or diversify? And in What? Trade composition, quality of ...

In fact, national patterns of production and export are not there forever. Indeed, structural changes lie at the core of modern economic growth ...

Foreign Trade and Income Convergence in Latin America - MDPI

The first category of selection helps to understand how the different stages of development of foreign trade are associated with the convergence ...

Is Regional Trade Integration a Growth and Convergence Engine in ...

The resulted economic growth is due to gains in specialization through the exploitation of comparative advantages. In the African context ...

(PDF) Trade Specialisation and Economic Convergence:

Trade Specialisation and Economic Convergence: Evidence From Two Eastern European Countries by Guglielmo Maria Caporale, Christophe Rault, Robert.

Structural Change in OECD Export Specialisation Patterns

The sector-wise results display convergence both in terms of β-and σ-convergence. In conclusion, we discuss the results (de-specialisation in ...

Do Export and Technological Specialisation Patterns Co-evolve in ...

In terms of country and sectoral stability of specialisation patterns, it can be concluded that both trade specialisation and technological specialisation ...

The virtues and limits of specialization in global value chains

International trade theory has its foundations in the classical Ricardian argument that countries specialize in industries in which they exhibit ...

The EU Single Market, a Driver for Economic and Trade Integration

The market has helped to promote innovation and ramp up productivity and GDP, as well as bring convergence within the European Union. The single ...

Trade advantages and specialisation dynamics in acceding countries

The second refers to a technique successfully implemented in cross-country income convergence works and imported only recently in the empirical ...

World Trade Report 2024 - Trade and inclusiveness

trade-led economic convergence. Accelerating the ... International Trade, and Regional Specialization”, American Economic ... (2000), “Diversity and Specialisation ...

Third Meeting on the Trade and Integration Dialogue - Publications

Economic Integration and Real Convergence: Lessons from the Spanish ... the composition of exports has allowed Spain's trade specialization to approach that of.