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      The sectoral composition of global trade

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      Sectoral_Composition_of_Global_Trade_Hajzler_2003.pdf (867.6Kb)
      Date
      2003-05-26
      Author
      Hajzler, Christopher M.
      Type
      Thesis
      Degree Level
      Masters
      Metadata
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      Abstract
      This thesis is an extension of recent research into the relationships between non-homothetic preferences and patterns of trade. The analysis focuses on the observed shift in consumption towards income-elastic services and, relative to agricultural goods, income-elastic manufactures associated with rising per capita incomes. In turn, the conjecture that we should witness a shift in global production and consequently a shift in trade away from primaries towards manufactured goods as the global economy develops is explored. This hypothesized change in the sectoral composition of global trade implies a change in individual country trade patterns. Specifically, the notion that a country’s exports must respond to a changing global market may help to clarify one of the principle causes of the shift towards manufacturing production among most small, trading economies.
      Degree
      Master of Arts (M.A.)
      Department
      Economics
      Program
      Economics
      Supervisor
      Echevarria, Cristina
      Committee
      Lucas, Robert F.; Huq, M. Mobinul; Cushman, David O.; Phillips, Peter W. B.
      Copyright Date
      May 2003
      URI
      http://hdl.handle.net/10388/etd-07172003-173210
      Subject
      non-homothetic preferences
      Kuznets
      unbalanced growth
      Trade
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      • Graduate Theses and Dissertations
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