Evolving patterns of international trade

@inproceedings{Proudman1998EvolvingPO,
  title={Evolving patterns of international trade},
  author={James Proudman and Stephen J. Redding},
  year={1998}
}
Theoretical models of growth and trade suggest that patterns of international specialization are dynamic and evolve endogenously over time. Initial comparative advantages are either reinforced or gradually unwound with the passage of time. This paper puts forward an empirical framework for modeling international trade dynamics that uses techniques widely employed in the cross-country literature on income convergence. On applying this framework to industry-level data, evidence is found for… CONTINUE READING

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