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surprisingly unstable: Export ranks are not persistent, and new top products and destinations replace old ones. Measurement error … of this instability: Only 20% of the variation in export growth can be explained by variation in comparative advantage … (source-by-product factors), while another 20% of the variation in export growth can be explained by variation in bilateral …
Persistent link: https://www.econbiz.de/10012455811
surprisingly unstable: Export ranks are not persistent, and new top products and destinations replace old ones. Measurement error … of this instability: Only 20% of the variation in export growth can be explained by variation in comparative advantage … (source-by-product factors), while another 20% of the variation in export growth can be explained by variation in bilateral …
Persistent link: https://www.econbiz.de/10012978517
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This paper investigates the source of bilateral trade imbalance at industry level. We build a simple model based on gravity theory and derive the prediction that the bilateral trade balance in an industry is increasing in the difference between trading partners in the output share of the...
Persistent link: https://www.econbiz.de/10013007251