Montenegrin Trade Specialization Index | Zendy

Mitchell Kellman | Zendy; Yochanan Shachmurove | Zendy

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Montenegrin Trade Specialization Index

Author(s) -

Mitchell Kellman,

Yochanan Shachmurove

Publication year - 2013

Publication title -

ssrn electronic journal

Language(s) - English

Resource type - Journals

ISSN - 1556-5068

DOI - 10.2139/ssrn.2313746

Subject(s) - index (typography) , international trade , revealed comparative advantage , business , economic geography , economics , industrial organization , international economics , computer science , comparative advantage , world wide web

Montenegro, newly independent since 2006, saw its commodity exports collapse in the worldwide financial crisis of 2008. It took three years for the volume of its exports to recover. Using one to four-digit Standard Industrial Trade Classification (SITC) commodity trade data, this paper analyzes trade patterns as they evolve, both globally, and within individual product sectors, since independence to the year 2012. The Kellman – Shachmurove Trade Specialization Index (TSI) is employed to study the degree of the Montenegrin specialization. The paper warns about high degree of specialization with overreliance on commodity exports of aluminum alloys.

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