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Adam Smith Meets an Index of Specialization in International TradeMitchell KellmanCity University of New York, CUNY City College of New York - Department of Economics Yochanan ShachmuroveThe City College of The City University of New York - Department of Economics; The University of Pennsylvania - Department of Economics August 6, 2010 PIER Working Paper No. 10-029 Abstract: Development economists agree that increasing export diversification is a concomitant to economic development. An accepted explanation for Africa’s export stagnation is its dependence on monoculture, and on small number of commodities. Recently a large body of literature focuses on the relationship between economic growth and export specialization. However, there does not exist one generally acceptable measure or index for the concept of “Specialization in International Trade”. This paper suggest one such measure for specialization and its theoretical and conceptual framework are developed and applied to Singapore, South Korea, Malaysia, Mexico, Tunisia and Morocco, during the years of their take offs.
Number of Pages in PDF File: 24 Keywords: Trade Specialization Indice, Development Theory, Developing Country Export Compositions, International Trade Theory, Trade in Manufactures, Trade and Transformation JEL Classification: O1, O14, F1, F14 working papers seriesDate posted: August 7, 2010Suggested CitationContact Information
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