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This paper analyses the revealed comparative advantage for six European countries: Austria, France, Germany, Italy, the … Netherlands and the UK. The results can be summarized as the follows: Italy always had a trade specialisation index which was well … above average. Apart from Italy, whose trade performance index decreased substantially, changes in the trade performance …
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It is customary in the empirical trade literature to analyze specialization patterns of countries using Revealed Comparative Advantage (RCA) measures. This paper explores the pros and cons of the most commonly used RCA index: the Balassa (1965) Index of RCA. After describing the properties of...
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