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Income Levels and the Structure of Trade

In: The World Economic Order

Author

Listed:
  • Michael Michaely
  • Gary Hufbauer

Abstract

Certain goods are naturally expected to be exported by rich nations, and other goods by poor; likewise, some goods are expected to be imported primarily by rich countries, and others by poor. Does a good exported by rich countries tend to be also imported by their likes—or by their poor partners? What are the possible explanations of the income level of exports and imports? And how do these explanations square with a priori theories of the determinants of the pattern of international trade?

Suggested Citation

  • Michael Michaely & Gary Hufbauer, 1981. "Income Levels and the Structure of Trade," Palgrave Macmillan Books, in: Sven Grassman & Erik Lundberg (ed.), The World Economic Order, chapter 3, pages 121-164, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-16488-2_4
    DOI: 10.1007/978-1-349-16488-2_4
    as

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