Revisiting constant market share analysis: An exercise applied to NAFTA

This article proposes a new formulation of constant market share (CMS) trade analysis inspired by the statistical principles supporting revealed comparative advantages (RCA). This novel approach is methodologically consistent and rooted in information theory. It also avoids the discrete-form residua...

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Autor principal:	Escaith, Hubert
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2021
Materias:	COMERCIO INTERNACIONAL MERCADOS PARTICIPACION EN EL MERCADO EXPORTACIONES COMPETITIVIDAD ANALISIS COMPARATIVO NAFTA POLITICA COMERCIAL INTERNATIONAL TRADE MARKETS MARKET SHARE EXPORTS COMPETITIVENESS COMPARATIVE ANALYSIS TRADE POLICY
Acceso en línea:	https://hdl.handle.net/11362/47123
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spelling	oai-11362-471232021-09-13T13:54:14Z Revisiting constant market share analysis: An exercise applied to NAFTA Escaith, Hubert COMERCIO INTERNACIONAL MERCADOS PARTICIPACION EN EL MERCADO EXPORTACIONES COMPETITIVIDAD ANALISIS COMPARATIVO NAFTA POLITICA COMERCIAL INTERNATIONAL TRADE MARKETS MARKET SHARE EXPORTS COMPETITIVENESS COMPARATIVE ANALYSIS NAFTA TRADE POLICY This article proposes a new formulation of constant market share (CMS) trade analysis inspired by the statistical principles supporting revealed comparative advantages (RCA). This novel approach is methodologically consistent and rooted in information theory. It also avoids the discrete-form residuals that plague traditional CMS analysis, while remaining simple to compute. The new “comparative market share analysis decomposition” (CMSD) is applied to the changes in the structure and origin of United States imports after the implementation of the North American Free Trade Agreement (NAFTA). It is shown in this exercise that both CMSD and RCA can be paired together in order to shed light on the dynamics of competitiveness and comparative advantages in international trade. Abstract .-- Introduction .-- I. The dynamics of export competitiveness and constant market share analysis .-- II. Comparative market share analysis: a probabilistic reinterpretation of CMS .-- III. Empirical application: NAFTA and the United States Imports .-- IV. Complementing CMSD with RCA .-- V. Conclusions. 2021-07-28T15:26:18Z 2021-07-28T15:26:18Z 2021-07-28 Texto Documento Completo https://hdl.handle.net/11362/47123 LC/TS.2021/94 LC/MEX/TS.2021/16 en Serie Estudios y Perspectivas (México, DF) 192 .pdf application/pdf CANADA ESTADOS UNIDOS MEXICO CANADA MEXICO UNITED STATES ECLAC
institution	Cepal
collection	Cepal
language	English
topic	COMERCIO INTERNACIONAL MERCADOS PARTICIPACION EN EL MERCADO EXPORTACIONES COMPETITIVIDAD ANALISIS COMPARATIVO NAFTA POLITICA COMERCIAL INTERNATIONAL TRADE MARKETS MARKET SHARE EXPORTS COMPETITIVENESS COMPARATIVE ANALYSIS NAFTA TRADE POLICY
spellingShingle	COMERCIO INTERNACIONAL MERCADOS PARTICIPACION EN EL MERCADO EXPORTACIONES COMPETITIVIDAD ANALISIS COMPARATIVO NAFTA POLITICA COMERCIAL INTERNATIONAL TRADE MARKETS MARKET SHARE EXPORTS COMPETITIVENESS COMPARATIVE ANALYSIS NAFTA TRADE POLICY Escaith, Hubert Revisiting constant market share analysis: An exercise applied to NAFTA
description	This article proposes a new formulation of constant market share (CMS) trade analysis inspired by the statistical principles supporting revealed comparative advantages (RCA). This novel approach is methodologically consistent and rooted in information theory. It also avoids the discrete-form residuals that plague traditional CMS analysis, while remaining simple to compute. The new “comparative market share analysis decomposition” (CMSD) is applied to the changes in the structure and origin of United States imports after the implementation of the North American Free Trade Agreement (NAFTA). It is shown in this exercise that both CMSD and RCA can be paired together in order to shed light on the dynamics of competitiveness and comparative advantages in international trade.
format	Texto
author	Escaith, Hubert
author_facet	Escaith, Hubert
author_sort	Escaith, Hubert
title	Revisiting constant market share analysis: An exercise applied to NAFTA
title_short	Revisiting constant market share analysis: An exercise applied to NAFTA
title_full	Revisiting constant market share analysis: An exercise applied to NAFTA
title_fullStr	Revisiting constant market share analysis: An exercise applied to NAFTA
title_full_unstemmed	Revisiting constant market share analysis: An exercise applied to NAFTA
title_sort	revisiting constant market share analysis: an exercise applied to nafta
publisher	ECLAC
publishDate	2021
url	https://hdl.handle.net/11362/47123
work_keys_str_mv	AT escaithhubert revisitingconstantmarketshareanalysisanexerciseappliedtonafta
_version_	1718434731749539840

Revisiting constant market share analysis: An exercise applied to NAFTA

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