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Prospect Theory and Trading Patterns

SSRN Electronic Journal, 2011
Abstract Reference dependence, loss aversion, and risk seeking for losses together comprise the preference-based component of prospect theory that sets its value function apart from the standard risk-aversion model. Using an elasticity analysis, we show that this distinctive preference component serves to underpin negative-feedback trading ...
Jing Yao, Duan Li
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Paradoxical trade patterns and terms of trade

Economics Letters, 1985
Abstract It is shown that, when a monopoly is present in a two-country, two-commodity world, the terms-of-trade do not necessarily fall in between the pre-trade relative prices of the two countries, and that these pre-trade prices do not unequivocally determine the pattern of trade.
Takashi Fukushima, Tatsuo Hatta
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Regional trade patterns

1998
This major Handbook offers a comprehensive analysis of the key issues surrounding the rapid expansion of Latin America’s manufacturing sector. It systematically examines the most important factors influencing the comparative advantages and the globalization of manufacturing industries in the region.
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Trade Policy and Changing Trade Patterns

1996
The basic question for developing countries with respect to their international trade relations is how trade can contribute more to economic growth and industrialisation. There is a certain agreement among economists that international trade and economic growth are interrelated.
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Trade in Intermediates and the Colonial Pattern of Trade

Economica, 1987
This paper builds up a model of trade in intermediate goods and uses it to analyze certain fea tures of the colonial pattern of trade. Different parts of an interme diate good are traded between two nations and the intermediate good i s then used to make two country-specific products. The author discuss es the effects of technical progress in different
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Korea’s Patterns of Trade

2020
Imbs and Pauwels (2020) introduce a measure of openness based on indirect trade. This paper illustrates the differences in the Korean patterns of trade when openness is measured using conventional measures based on direct trade, and when it is measured using this measure of indirect trade, labeled Export Intensity (EI). According to EI, the Republic of
Imbs, Jean, Pauwels, Laurent L.
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Hong Kong's Trade Patterns and Trade Elasticities [PDF]

open access: possible, 2006
A salient feature of Hong Kong's external trade is its intermediation role. As the entrepot for Mainland China, Hong Kong helps channel raw materials and semi-manufacturing products from the rest of the world to the Mainland for further processing and then helps re-export the processed goods and final products to the rest of the world.
Li-gang Liu, Kelvin Fan, Jimmy Shek
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Evaluating Russia’s trade patterns

Post-Communist Economies, 2016
AbstractThis article offers empirical evidence on the major trends in the nature of Russia’s trade and on the determinants of the different types of trade: horizontal intra-industry trade (HIIT), vertical intra-industry trade (VIIT) and inter-industry trade (INT).
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Trade Pattern Persistence

Internationalization of the world economy has made trade a key factor in the growth potential of nearly every nation’s economy. Hence, economists have become increasingly interested in the determinants of international trade and competitiveness. Empirical Methods in International Trade captures the many aspects of this trend in globalization through ...
James Cassing, Steven Husted
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Financial Constraints and International Trade Patterns

SSRN Electronic Journal, 2012
Abstract Growing empirical literature shows that financial constraints reduce the chance of exporting, suggesting that financial constraints are an important determinant of international trade patterns. In this aspect, I develop a model of international trade based on new trade theory with financial constraints and non-homothetic preferences.
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