Herfindahl-Hirschman meets international trade and development theories
To date there does not exist one a generally acceptable measure or index of Specialization in International Trade. Development Economic Theory embraces the expectation of a direct relationship between economic growth and export diversification. However, International Trade Theory supports the association of export expansion with increased specialization. The paper proposes a Specialization Index and applies it to six small developing countries: Singapore, South Korea, Malaysia, Mexico, Tunisia and Morocco, during the years of their take offs. Additionally, the index is applied to the two large fast growing economies of Chine and India. (original abstract)
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