Empirical Analyses of International Trade Flows

Abstract

Empirical analysis of international trade flows has grown rapidly since the publication of the Leontief paradox (Leontief, 1953) and the confirmation of the existence of intra-industry trade (Verdoom, 1960). More recently, the remarkable progress achieved in modelling crucial imperfect competition variables, such as economies of scale and preference diversity in a general equilibrium framework, has triggered the proliferation of other insight-yielding empirical exercises.