International Trade Modeling Indices and Measurement Issues

Bera, Soumitra Kumar (2008): International Trade Modeling Indices and Measurement Issues. Published in: SSRN

Abstract

Trade indices are used to measure different aspects of a country’s participation in world trade. Such indices range from Trade Openness Index (TOI) measuring the degree of openness of a country, to Commodity Concentration Index (CCI) and Revealed Comparative Advantage (RCA) measuring diversity and competitiveness of a country’s export basket. However, each index being a summary measure has its own limitation and specific use. One must, therefore, be extremely careful in drawing policy conclusions from the values of these indices obtained in the context of a given data set at hand.

• Item Type: MPRA Paper
• Language: English
• Keywords: Internationa Trade, RCA, CCI
• Subjects: F - International Economics > F1 - Trade > F18 - Trade and Environment; P - Economic Systems > P4 - Other Economic Systems > P45 - International Trade, Finance, Investment, and Aid; F - International Economics > F1 - Trade > F12 - Models of Trade with Imperfect Competition and Scale Economies ; Fragmentation

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