Commodity composition of trade in manufactures and south‐south trade potential
通过衡量一国出口与贸易伙伴进口的商品构成相似度，解释双边贸易强度，并计算34个发展中国家的制成品出口潜力指数及替代发达国家进口的潜力，发现南南贸易替代空间有限。
Using two different measures, the degree of correspondence between a country's export vector of manufactures and a trade partner's import vector is determined. These export‐import similarity measures are shown to contribute to an explanation of bilateral trade intensity. They are then used in computing an index of export potential in manufactures for 34 developing countries, and an index showing the potential to replace LDC imports presently originating from developed countries. Given the existing LDC commodity composition, the possibility of substituting imports of DC manufactures by LDC supplies ‐ for example, through preferential inter‐LDC trading ‐is found to be limited only. Notes Department of Economics and Econometrics, Free University, Amsterdam. The authors are indebted to an anonymous referee for valuable comments.