In this article we investigate the empirical relationship between overall specialization and per capita income. The metric we use to measure overall specialization is the median of the sectoral distribution of the Balassa Index of Revealed Comparative Advantages applied to four-digit (SITC...

The aim of this paper is to provide evidence on the nature of the relationship between the terms of trade and the trade balance for US on a scale-by-scale basis using wavelet analysis. Thus, after decomposing the two variables into their time-scale components using to the maximum overlap...

<font face="CMBX12"> </font><p>  This paper gives evidence to a stylized fact often disregarded in international trade empir-ics: countries' diversification. In the last fifteen years, the growth of world trade coexistedwith the tendency of countries to reduce the specialization of their export compositionalong the...</p>