What is the degree of openess, how is it defined?
size of economy positive related to volume of in-and exports
What is the Intra-Industry Trade? How is it defined?
Many countries trade mainly within the same industry
—> index for intra-industry trade for product group j
What is the Revealed Comparative Advantage (RCA) index?
Help to assess a country‘s export potential
Information about trade patterns of specialization
—> Countries w/ similar RCA profiles are unlikely to have high bilateral trade intensities unless intra-industry trade is involved
How is the RCA index defined?
Last changed2 years ago
