Ítem
Acceso Abierto

Trade diversification in Colombia, 1991-2011


Fecha
2013

Directores

ISSN de la revista
Título del volumen
Editor
Universidad del Rosario

Buscar en:

Métricas alternativas

Resumen
Abstract
We describe the evolution of international trade and the behavior of export diversification in Colombia during the period 1991-2011. For measuring trade diversification and following up its behavior along the period, we employ alternative ways of decomposing trade flows along its intensive and extensive margins, using the latter as a measure of diversification. Results indicate that, in the short run, trade diversification in Colombia can be characterized as weak but that there is a modest trend for an increase in its importance. With some differences in degree, for both exports and imports, the number of partner countries increases faster than the number of products contained in the average basket traded and, simultaneously, the number of traded products increases faster than the average number of countries with which they are traded. Hence, trade diversification in Colombia seems to follow a pattern that implies that trade with new partners tends to be relatively slowly populated in terms of products or, from the opposite point of view, trade of new products is relatively sluggish in extending to new partner countries
Palabras clave
Keywords
export diversification , import diversification , trade margins , empirical trade studies , Colombia
Buscar en: