Isaac Scientific Publishing

Journal of Advances in Economics and Finance

The RCA (Revealed Comparative Advantage) and IO (Index of Openness) of Nebraska and Japanese Trade, 2000-2015

Download PDF (498.2 KB) PP. 44 - 52 Pub. Date: November 30, 2016

DOI: 10.22606/jaef.2016.11004

Author(s)

  • Vani Kotcherlakota*
    Nebraska Department of Economic Development, Lincoln, NE
  • Michael Lundeen
    Nebraska Department of Economic Development, Lincoln, NE

Abstract

This article analyzes the key elements of Nebraska and Japanese trade for the years 2000- 2015. In addition to detailing trade, the emphasis is on obtaining estimates for the Index of Openness (IO) and Revealed Comparative Advantage (RCA) for selected Japanese and Nebraska products. The main conclusion of the study is that Nebraska’s food manufactures exports are vital to keeping Nebraska’s economy productive and competitive. The state, therefore, has an economic interest in continuing to promote and encourage trade with Japan.

Keywords

Index of Openness, Revealed Comparative Advantage, Nebraska, exports, imports, Japan

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