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Transition Probability Matrix

Measuring the Evolution of Revealed Comparative Advantage in a Small Hydrocarbon-based Economy Using the Harmonic Mass Index


Over the past 10 years Trinidad and Tobago has seen a shift in its trade structure due to increased energy exports and foreign investment in the energy sector. This article examines how changes in the trade structure of Trinidad and Tobago’s economy have impacted upon its revealed comparative advantage. This will be done by comparing the distributions of Trinidad and Tobago’s revealed comparative advantage structure.

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