The sectoral composition of global trade
Date
2003-05-26Author
Hajzler, Christopher M.
Type
ThesisDegree Level
MastersMetadata
Show full item recordAbstract
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
EconomicsProgram
EconomicsSupervisor
Echevarria, CristinaCommittee
Lucas, Robert F.; Huq, M. Mobinul; Cushman, David O.; Phillips, Peter W. B.Copyright Date
May 2003Subject
non-homothetic preferences
Kuznets
unbalanced growth
Trade