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This paper uses the tools of network analysis to assess the different characteristics of world trade in different manufacturing industries.The structure of the trade networks is compared to understand to what extent the world market characteristics differ between sectors. We find that in some...
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It is customary in the empirical trade literature to analyze specialization patterns of countries using Revealed Comparative Advantage (RCA) measures. This paper explores the pros and cons of the most commonly used RCA index: the Balassa (1965) Index of RCA. After describing the properties of...
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