Revealed Specialization: Evidence on U.S. International Services

Hisanaga, Makoto

doi:10.1080/08853900802191413

Cited by 6 publications

(6 citation statements)

References 12 publications

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“…As it was stated before, trade in services has become progressively more important in the world economy (Hisanaga (2008); Nath et al (2015)). Although scarce, studies on comparative advantage in the service sector of the developing countries have emerged in recent years (Seyoum (2007), Wu and Lin (2008), Hiziroglu et al (2012) and Nath et al (2015)).…”

Section: Empirical Studies Of Comparative Advantages In Developing Comentioning

confidence: 80%

“…).Considering the main differences between trade in goods and services addressed in the section 2.1, some authors have questioned if traditional theories would be equally relevant in explaining trade in services, or even if the measures constructed and applied to merchandise trade would fit the service trade data. According toHisanaga (2008) this does not seem to be a problem since several other authors (i.e. Hindley and Smith,…”

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confidence: 91%

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The Comparative Advantages in the Services Sector of Developing Economies

Cunha

Forte

2017

Glob. Econ. J.

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International trade of goods and services plays an important role in the growth of economies. To make this growth sustainable in the long run, it is important to understand in what goods or services countries have comparative advantage (CA). The present work focuses on the ten biggest developing economies, revealing their CA in the services sector. The main results reveal that India has a CA in computer and information services, Macao, Thailand and Turkey in travel services, China, Hong Kong, India and Taiwan in other business services, Korea in construction and transport services, and Singapore in financial and transport services.

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Section: Empirical Studies Of Comparative Advantages In Developing Comentioning

confidence: 80%

mentioning

confidence: 91%

The Comparative Advantages in the Services Sector of Developing Economies

Cunha

Forte

2017

Glob. Econ. J.

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“…In the world such as the US, the Netherlands ... and Vietnam uses DRC to measure comparative advantage in international trade. Case studies in agriculture (Bojnec, 2001), industry, tourism (Peterson, 1988), services (Hisanaga, 2008;, ... In Vietnam, using RCA to determine comparative advantage also has many studies in agriculture, typically Nguyen Thien (2011) https://rpajournals.com/ijekm country's total exports and total imports in the same category (Nguyen Thuong Lang, 2011).…”

Section: Methodsmentioning

confidence: 99%

Comparative advantage in Vietnam's agricultural exports to Australia

2021

IJEKM

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This study determines the comparative advantage of Vietnam's agricultural products based on the index of comparative advantage (RCA - Revealed Comparative Advantage). The research results on the UNComtrade database show that Vietnam maintained 8 commodity groups with revealed comparative advantage in the period 2000 - 2020. Contributing to the increase of Vietnam's exports to Australia one partly due to strong market demand, appropriate industry structure, and a significant part from the factor of competitive advantage, especially in the period 2007 - 2015. Vietnam's exports to the Australian market are those with comparative advantages. Therefore, with the trend of trade liberalization increasingly strong in the region, Vietnam has the opportunity to take advantage of market factors and this process will promote the creation of very good trade between Vietnam and some economies in the region. Keywords: comparative advantage, agriculture products, RCA

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“…Originally, Balassa limited his analysis to manufactures, since many primary products are subject to quotas and subsidies, etc. Nevertheless, the index has subsequently been applied to other industries, e.g., agriculture (Bojnec 2001) and services (Hisanaga 2008;Seyoum 2007). It is worth mentioning that it is difficult, if not impossible, to theoretically derive the distribution of the Balassa index.…”

Section: Introductionmentioning

confidence: 99%

Trade dynamics, revealed comparative advantage, and international competitiveness: Evidence from Macedonia

Kostoska

Hristoski

2018

EKON ANAL

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This paper examines the sectoral specialisation and competitiveness of Macedonia in relation to that of the EU28, using four indices of revealed comparative advantage for the years 2000-2015. Additionally, we estimate the stability of the distribution and of the value of trade specialisation indices over time, as well as the duration and probability of the long-term survival of continuing export competitiveness. The findings suggest that the structure of Macedonia's comparative advantage has changed somewhat over the past few years, and there is also evidence of a weakening in the level of comparative advantage as revealed by the Balassa (B) index. The comparisons made between the implied (theoretically derived) probability distributions and their empirical counterparts demonstrate that the Markov transition probabilities accurately characterise the data-generating process that highlights the distributions of the B index, and thus allow for obtaining a precise prediction about the probability distribution vectors, including the limiting distribution. Finally, the results of estimating the survival function show that the survival times of revealed comparative advantage are not persistent over the period observed. The continuous decline in the chance of certain product groups surviving indicates that Macedonia is becoming increasingly vulnerable to competition from other markets.KEY WORDS: revealed comparative advantage, Markov chain model, mobility index, survival analysis

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Revealed Specialization: Evidence on U.S. International Services

Cited by 6 publications

References 12 publications

The Comparative Advantages in the Services Sector of Developing Economies

The Comparative Advantages in the Services Sector of Developing Economies

Comparative advantage in Vietnam's agricultural exports to Australia

Trade dynamics, revealed comparative advantage, and international competitiveness: Evidence from Macedonia

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