?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.imtlucca.it%2F1069%2F&rft.title=The+structure+and+growth+of+international+trade&rft.creator=Riccaboni%2C+Massimo&rft.creator=Schiavo%2C+Stefano&rft.subject=HB+Economic+Theory&rft.subject=HD+Industries.+Land+use.+Labor&rft.description=The+paper+develops+a+model+of+proportionate+growth+to+describe+the+dynamics+of+international+trade+flows.+We+show+that+a+large+number+of+the+empirical+regularities+characterizing+international+trade+-such+as+the+fraction+of+zero+trade+flows+across+pairs+of+countries%2C+the+positive+relationship+between+intensive+and+extensive+margins%2C+the+high+concentration+of+trade+with+respect+to+both+products+and+destinations%2C+the+core-periphery+structure+of+exchanges-+are+well+explained+by+this+simple+stochastic+setup.+This+helps+us+to+distinguish+among+economically+relevant+regularities+and+those+simply+resulting+from+the+mechanical+interactions+among+agents.+Furthermore%2C+our+model+can+be+used+to+describe+the+process+of+%60self-discovery'+that+lie+at+the+foundations+of+suc-+cessful+export-led+growth+and+is+thought+to+play+a+crucial+role+in+the+process+of+economic+development.+Our+model+correctly+predicts+that+large+export+flows+are+rare+events%2C+as+pointed+out+in+the+empirical+literature%3A+yet%2C+countries+characterized+by+large+%60discovery'+efforts+are+much+more+likely+to+draw+a+%60big+hit'+due+to+the+(very+skewed)+shape+of+the+distribution+of+bilateral+export+flows.&rft.date=2010&rft.type=Working+Paper&rft.type=NonPeerReviewed&rft.identifier=++Riccaboni%2C+Massimo+and+Schiavo%2C+Stefano++The+structure+and+growth+of+international+trade.++Working+Paper++%23+%2F2010++++++++++&rft.relation=http%3A%2F%2Fwww.unitn.it%2Ffiles%2F05_10.pdf