Trade specialization index
Specialization refers to the tendency of countries to specialize in certain products which they trade for other goods, rather than producing all consumption goods on their own. Countries produce a surplus of the product in which they specialize and trade it for a different surplus good of another country. Our general findings are as follows: The trade specialization index clearly distinguishes countries that are generally believed to be "most similar" from those that are believed to "most different." Its explanatory power in the gravity equation is good, comparing well with other established variables and it improves the overall goodness of fit of the gravity equation. The other index calculated for the analysis of trade patterns is the Grubel and Lloyd (1975) one, which is widely used to measure intra-industry trade. According to classical theory, inter-industry trade (IT) implies export and import flows of complementary products, whilst intra-industry trade (IIT) is characterised by simultaneous export and import flows of comparable size within the same industry. Latin America’s trade specialization and China and India’s growth∗ Daniel Lederman∗∗ Marcelo Olarreaga∗∗∗ Eliana Rubiano∗∗∗∗ August 2006 Abstract This paper explores the extent to which the rapid growth of China and India in world
Abstract We propose a cross-country specialization index - the B⋆ - defined as the share of a given product in total country’s exports “normalized” by the average share across all countries.
11 Sep 2009 We propose a cross-country specialization index - the B ⋆ - defined as the share of a given product in total country's exports “normalized” by the 27 Jan 2017 Export specialization (ES). • Are trade profiles of the potential FTA partners complement with ours? • Trade complementarity index (TCI) Using relative trade advantage index and standard international trade classification, the nature and pattern of inter-industry trade specialization was established in 18 Dec 2016 In the literature, the measurement of specialisation originates in trade theory. Since then, a variety of specialisation indices have also been Intra-industry trade refers to the exchange of similar products belonging to the same industry. The latter predicts only inter-industry specialisation and trade". Various indexes of IIT have been created, including the Grubel–Lloyd index, the The Specialization Index. In transport, to find out if a terminal is specialized in the transshipment or the handling of a particular merchandise or if, inversely, We compare RSCA to other measures of international trade specialization including the Michaely index, the Contribution to Trade Balance, Chi Square, and
The specialization index (SI) is calculated using the following formula: It is the total of squares of tonnage (or monetary value) of each type of merchandise i (ti) handled at a terminal over the square of the total volume tonnage (or monetary value) of merchandise handled at the terminal.
Specialization index of production patterns compared. Trade complementarity index of potential trade by country pairs. Trade concentration index of reliance on
Specialization index of production patterns compared. Trade complementarity index of potential trade by country pairs. Trade concentration index of reliance on
(specialization indices ) describes a country’s absolute specialization. Using such an index, a country would be considered specialized if a small number of industries exhibit high shares of the overall employment of the country (Aiginger and Davies 2004). This is the case for instance for Italy, which is specialized in textiles, for A) Equation of trade specialization index to measure Iran’s comparative advantage in pharmaceuticals is as follows: Where, X ij and M ij are respectively exports and imports of good i by country j. The value of trade specialization index lies between -1 and +1. They can then trade goods and services that they are relatively well-equipped to produce for goods and services produced by other countries. Countries seek goods and services from other countries that they may not be able to produce efficiently or do not have the capacity to produce. The specialization index (SI) is calculated using the following formula: It is the total of squares of tonnage (or monetary value) of each type of merchandise i (ti) handled at a terminal over the square of the total volume tonnage (or monetary value) of merchandise handled at the terminal. Abstract We propose a cross-country specialization index - the B⋆ - defined as the share of a given product in total country’s exports “normalized” by the average share across all countries. Specialization refers to the tendency of countries to specialize in certain products which they trade for other goods, rather than producing all consumption goods on their own. Countries produce a surplus of the product in which they specialize and trade it for a different surplus good of another country.
The revealed comparative advantage is an index used in international economics for calculating the relative advantage or disadvantage of a certain country in a certain class of goods or services as evidenced by trade flows. It is based on the Ricardian comparative advantage concept.. It most commonly refers to an index, called the Balassa index, introduced by Béla Balassa and Mark Noland (1965).
Our general findings are as follows: The trade specialization index clearly distinguishes countries that are generally believed to be "most similar" from those that are believed to "most different." Its explanatory power in the gravity equation is good, comparing well with other established variables and it improves the overall goodness of fit of the gravity equation. The other index calculated for the analysis of trade patterns is the Grubel and Lloyd (1975) one, which is widely used to measure intra-industry trade. According to classical theory, inter-industry trade (IT) implies export and import flows of complementary products, whilst intra-industry trade (IIT) is characterised by simultaneous export and import flows of comparable size within the same industry. Latin America’s trade specialization and China and India’s growth∗ Daniel Lederman∗∗ Marcelo Olarreaga∗∗∗ Eliana Rubiano∗∗∗∗ August 2006 Abstract This paper explores the extent to which the rapid growth of China and India in world
The pattern of trade specialization among the advanced economies explains why some countries deindustrialize faster than others. Finally, the paper suggests 13 Sep 2017 Finally, for trade, growth, and development to be stimulated, African countries Merchandise trade specialization index in Africa, 1995–2012. 1 Apr 2017 The following work will analyse the patterns of agri-food specialisation in the Italian Regions. In particular, the Lafay Index will be used to The trade specialization index is defined as: TSIi = (Xi – Mi)/(Xi + Mi), where X and M refer to a country's exports and imports of goods contained in industry iin one