The composition of U.S. - East Asia Trade and changing comparative advantage
This paper examines the composition of trade between the United States and eight Asian Pacific economies from 1962 to 1992. Analysis of the time series pattern of individual commodities at the SITC four-digit level reveals economically significant changes in the pattern of trade. These changes reflect changing comparative advantage based on changing factor proportions, technology transfer and product cycles. The changing composition of the eight bilateral trade relationships shows both...[Show more]
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