Overview

This book surveys recent theories of the structure of trade in the light of recent advances in applied econometrics. Unlike most existing literature, the book concentrates on the major exports of developing rather than industrialized countries. A general theoretical framework is developed for commodity trade, its empirical validity is tested, and alternative trade policies are assessed. The importance of international commodity trade has increased in recent years as the developing countries have struggled to deal with their external debt and to sustain their economic growth. These efforts have placed export expansion in the forefront of analytical and policy concerns. The book should be of interest to international trade economists, researchers in trade theories and relations, as well as econometricians.

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9780198283478

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The book has much to offer researchers on commodity trade. The emphasis on dynamic issues, on transmission mechanisms, and on product differentiation, as well as the careful analysis make it extremely useful.--Journal of Economic Literature

The book has much to offer researchers on commodity trade. The emphasis on dynamic issues, on transmission mechanisms, and on product differentiation, as well as the careful analysis make it extremely useful. --Journal of Economic Literature<br>

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