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Economic Integration And Similarity In Trade Structures, Luca De Benedictis, Lucia Tajoli

Luca De Benedictis

In this paper, we look at the similarity of the trade structures toward the EU market between four CEECs and the EU15. We evaluate the appropriateness of different indices to compare export flows—correlation indices and distance metrics—opting for the use of the Bray-Curtis semimetric.

We examine both how the export composition of a country has changed over time and how the export composition has changed with respect to the EU15 export composition. Finally, we test if the dynamics of sectoral

distribution of the CEECs’ exports is related to the role acquired by processed trade in the 1990s. We give evidence …

Openness, Similarity In Export Composition, And Income Dynamics, Luca De Benedictis, Lucia Tajoli

Luca De Benedictis

A relevant share of the theoretical and empirical analysis on economic growth has been devoted to finding a specific role for international trade in reinforcing countries’ growth rates. Not as much attention has been dedicated to the role of sectoral composition of export in influencing the effect of trade on income convergence. In this paper we look at this issue along the line of research on multiple regimes and convergence clubs, considering how openness and similarity in export composition among countries can induce convergence in income levels among the same countries. We apply our analysis to the catching-up of income …