International Economics

CC: Ranajoy Bhattacharyya

Class dated: 10th February, 2010

Assignment 2

(All calculations must be based on the country assigned to you)

(Just include the tables in the assignment and nothing else)

1. Write the names of the following HS 6 digit commodities along with their codes,
value of export, value of import, value of RCA, value of RCDA, value in terms of
GL:
a. Rank in terms of RCA is 1 to 10 in 2007.
b. Rank in terms of RCDA is 1 to 10 in 2007.
c. Rank in terms of the GL (Intra industry trade) index is 1 to 10 in 2007.

(Additional data required (apart from what you have downloaded in assignment 1):
world export and import data according to HS 6 digit as well as total world export and
import data of all commodities taken together).

So, basically fill up the following tables:

Table 1: Top 10 Commodities in terms of RCA in 2007

Name of Commodity Value of Value of Value of Rank

Commodity Code export import RCA in
terms
of
RCA
1
2
….
10

Table 2: Top 10 Commodities in terms of RCDA in 2007

Name of Commodity Value of Value of Value of Rank

Commodity Code export import RCDA in
terms
of
RCDA
1
 2
….
10

Table 3: Top 10 Commodities in terms of GL in 2007

Name of Commodity Value of Value of Value of Rank

Commodity Code export import GL in
terms
of GL
1
2
….
10

2. Find the time series of the GL index at HS 6 digit level between 1990 and 2007
and complete the following table:

Table 4: Intra Industry Trade at 6 digit HS (with rest of world) from 1990 to 2007

Year Intra
Industry
Trade
1990
1991
…
2007

3. Plot the data in table 4 with year in the horizontal axis and Intra industry trade in the
vertical axis and (a) fit a trend line to the data (b) determine the trend equation (with t
values) and (c) determine the growth equation (with t values).