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...
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| Format: | Article |
| Language: | English |
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Universidad Nacional de Colombia
2017-07-01
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| Series: | Cuadernos de Economía |
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| Online Access: | https://revistas.unal.edu.co/index.php/ceconomia/article/view/39261 |
| _version_ | 1811341066739122176 |
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| author | Luis Ricardo Arguello Cuervo |
| author_facet | Luis Ricardo Arguello Cuervo |
| author_sort | Luis Ricardo Arguello Cuervo |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-13T18:51:15Z |
| format | Article |
| id | doaj.art-b703253a23ac43069f3896bc77b23a82 |
| institution | Directory Open Access Journal |
| issn | 0121-4772 2248-4337 |
| language | English |
| last_indexed | 2024-04-13T18:51:15Z |
| publishDate | 2017-07-01 |
| publisher | Universidad Nacional de Colombia |
| record_format | Article |
| series | Cuadernos de Economía |
| spelling | doaj.art-b703253a23ac43069f3896bc77b23a822022-12-22T02:34:25ZengUniversidad Nacional de ColombiaCuadernos de Economía0121-47722248-43372017-07-01367134537810.15446/cuad.econ.v36n71.3926143817Trade diversification in Colombia, 1991-2011Luis Ricardo Arguello Cuervo0Universidad del RosarioIn 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.https://revistas.unal.edu.co/index.php/ceconomia/article/view/39261diversificación de exportacionesdiversificación de importacionesmárgenes de comercioestudios empíricos de comercio |
| spellingShingle | Luis Ricardo Arguello Cuervo Trade diversification in Colombia, 1991-2011 Cuadernos de Economía diversificación de exportaciones diversificación de importaciones márgenes de comercio estudios empíricos de comercio |
| title | Trade diversification in Colombia, 1991-2011 |
| title_full | Trade diversification in Colombia, 1991-2011 |
| title_fullStr | Trade diversification in Colombia, 1991-2011 |
| title_full_unstemmed | Trade diversification in Colombia, 1991-2011 |
| title_short | Trade diversification in Colombia, 1991-2011 |
| title_sort | trade diversification in colombia 1991 2011 |
| topic | diversificación de exportaciones diversificación de importaciones márgenes de comercio estudios empíricos de comercio |
| url | https://revistas.unal.edu.co/index.php/ceconomia/article/view/39261 |
| work_keys_str_mv | AT luisricardoarguellocuervo tradediversificationincolombia19912011 |