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The "globalization" test noted in the text included the import share of gross domestic product in the VAR and, in a separate test, the sum of import and export shares.
The export shares and import shares are also calculated.
As a result, either export shares or import shares are modified from the estimated values.
Looking at export shares first, we verify the downward trend in Agriculture and the slight increase in Processed Food.
The sums of the merchandise export shares shown in Table 1 do not sum to 100%% because of unclassified trade.
The export shares for vegetables and fruits and animal products are expected to decline during the study period.
Similar(41)
Outside the top three, only Japan has an export share above 5%.
The export share of Ireland, an original member, fell as its economy came to be based more on a property boom and less on manufacturing.
Correction: A previous version of this article misstated the export share of Tupras's revenues: it sells about one-quarter of its output abroad, not two-thirds.
That would make the denominator for the export ratio much bigger than GDP.Once these adjustments are made, Mr Anderson reckons that the "true" export share is just under 10% of GDP.
There is a fallacy of composition problem here, in which everyone would like to cut their deficit, while hoping that a lower exchange rate will help them increase their export share, and thus prop up GDP growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com