Trade diversification in Colombia, 1991-2011
In this paper we describe the evolution of international trade and the behaviour of export diversification in Colombia during the 1991-2011 period. In order to measure trade diversification and follow its behaviour throughout the period, we employ alternative ways of decomposing trade flows in their...
- Autores:
-
Arguello Cuervo, Luis Ricardo
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2017
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/62548
- Acceso en línea:
- https://repositorio.unal.edu.co/handle/unal/62548
http://bdigital.unal.edu.co/61707/
- Palabra clave:
- 33 Economía / Economics
diversificación de exportaciones
diversificación de importaciones
márgenes de comercio
estudios empíricos de comercio
- Rights
- openAccess
- License
- Atribución-NoComercial 4.0 Internacional
| Summary: | In this paper we describe the evolution of international trade and the behaviour of export diversification in Colombia during the 1991-2011 period. In order to measure trade diversification and follow its behaviour throughout the period, we employ alternative ways of decomposing trade flows in their intensive and extensive margins, using the latter as a measure of diversification. The results indicate that trade diversification in Colombia is relatively limited, and seems to follow a pattern according to which exports are diversified mainly through increases in the number of products rather than in the number of partners. At the same time imports tend to diversify mainly by increases in the number of countries of origin rather than by the number of products. Furthermore, trade with upper middle-income countries seems to be an important driver of trade diversification. |
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