Specialization and the volume of trade
Subtitle: do the data obey the laws?
By: James Harrigan.
Contributors: Federal Reserve Bank of New York.
Series: Staff reports ;; no. 140; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 140.
Publisher: Federal Reserve Bank of New York
Published: 2001
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: International trade.; Comparative advantage (International trade)
Description: "The core subjects of trade theory are the pattern and volume of trade: which goods are traded by which countries, and how much of those goods are traded.  The first part of this paper discusses evidence on comparative advantage, with an emphasis on carefully connecting theoretical models with data analyses.  The second part of the paper considers the theoretical foundations of the gravity model and reviews the small number of studies that have tried to test, rather than simply use, the implications of gravity.  Both parts of the paper yield the same conclusion: we are still in the very early stages of empirically understanding specialization and the volume of trade, but the work that has been done can serve as a starting point for further research"--Federal Reserve Bank of New York web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 2/28/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.