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Author: Sarawan Angklomkliew
Publisher:
ISBN:
Category : Intra-industry trade
Languages : en
Pages : 302
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Book Description
Author: Sarawan Angklomkliew
Publisher:
ISBN:
Category : Intra-industry trade
Languages : en
Pages : 302
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Book Description
Author: P. Lloyd
Publisher: Springer
ISBN: 0230285988
Category : Business & Economics
Languages : en
Pages : 313
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Book Description
An agenda-setting contribution to the field of intra-industry trade. P.J. Lloyd and Hyun-Hoon Lee have assembled an international cast of contributors to offer a selection of models examining the nature of intra-industry trade in several new areas of trade theory, in addition to empirical studies and analysis of much new data in trade patterns. This volume provides an authoritative new treatment of the theory, measurement and testing of the subject of intra-industry trade.
Author: Peter John Lloyd
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 584
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Book Description
This authoritative new collection presents a selection of previously published seminal articles that have led to the development of intra-industry trade theory and empirical research. Parts I and II cover the pioneering research in the 1960s and a number of models of intra-industry trade that were developed from 1979 to the present day. Parts III and IV look at the empirical research problems in the choice of measure of intra-industry trade and empirical studies that seek to identify the nature of this trade. Part V deals with the role of the multinational corporation and part VI completes the collection with articles that look at extensions to asset markets and applications to other problems such as the geography of trade and rules of origin. Intra-Industry Trade will be an invaluable source of reference to all international trade economists and libraries specialising in this area.
Author: Sylvie Montout
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
The NAFTA and MERCOSUR agreements seem to have accelerated the regional integration process respectively within North and South of America. In the South in particular, MERCOSUR has led to trade liberalization and deregulation, which has resulted in significant growth of its regional trade. In this article, we study the pattern of that trade growth in the automobile industry. Our results highlight an increase of intra-industry trade in the corresponding industry since the beginning of the 1990s. To obtain the calculation of the importance of intra-industry, we use the Grubel and Lloyd indicator (1975). Then to follow the method set out by Abd-el-Rahman (1991), Greenaway et al. (1995), Fontagné and Freudenberg (1997), we distinguish horizontally differentiated goods from vertically differentiated goods using a comparison of the unit values. Subsequently, with the increase of intra-industry trade, it appears that MERCOSUR has favoured in particular the development of trade in vertically differentiated goods. In NAFTA, intra-industry trade exists in most sectors and in two bilateral relations (United States Ő Canada and United States Ő Mexico). In MERCOSUR, the automobile industry has experienced the highest rate of growth in intraindustry trade, which accounts for 66% of total trade and 90% of all intra-regional trade. Consequently, we analyze the nature of that increase and more precisely, the determinants of intra-industry trade. In order to explain the pattern of trade for the automobile industry, we present an econometric model integrating principles of gravity, which takes into account some country-specific variables.
Author: Frederic M. Scherer
Publisher:
ISBN:
Category : International trade
Languages : en
Pages : 36
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The increased importance of fragmentation in world trade has created an interest among trade economists to explain the determinants of trade in intermediate goods. A substantial part of trade in intermediates between the US and OECD countries takes the form of intra-industry (IIT). I have divided total intra-industry trade into its horizontal and vertical components. Vertical IIT is defined as the exchange of intermediates which belong to the same industry but which are located at different stages on the production spectrum. Horizontal IIT is defined as the exchange of intermediate goods belonging to the same industry but differing in terms of characteristics or technological specifications, which are technologically unrelated. Hypotheses drawn from Ethier (1982) and Feenstra and Hanson (1997) are put forward to investigate the intra-industry trade in intermediates between the US and other selected OECD countries for the period of 1990-1996. To test these hypotheses, I have utilized three-way fixed effects and random effects models. The results confirm the hypothesis that the determinants of vertical and horizontal IIT in intermediates differ. Empirical results show that horizontal IIT is positively related to the size of markets and foreign direct investment, while it is negatively related to differences in human capital endowments and geographical proximity. On the other hand, vertical IIT is positively related to FDI, while it is negatively related to economies of scale.
Author: Robert C. Hine
Publisher: Springer
ISBN: 134927173X
Category : Business & Economics
Languages : en
Pages : 261
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Book Description
The book offers an authoritative overview of the topical issues surrounding intra-industry trade in Europe in the era of European economic integration. It brings together expert contributors from eight of the European Union member states. The theory of intra-industry trade is discussed and assessed through a comprehensive study of the patterns of trade in Europe and the individual member states over a thirty year period. This detailed empirical analysis allows conclusions to be drawn on issues including the impact of international trade on the domestic economy. The book arises from a major multinational programme co-ordinated from the University of Nottingham.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Intra-industry trade (IIT) is one area in international trade that interests me very much. The pattern of world trade has been changing consistently over the last half century, in which the importance of intra-industry trade has increased significantly. Such a trade pattern change has consequences on domestic real economic variables due to the associated capital and labor adjustments. My dissertation sets out to identify the US static and dynamic trade patterns and investigate the determinants of US intra-industry trade. In the analytic part of the dissertation, I introduce capital accumulation and an innovation process into a North-South quality-based product cycle model. The model demonstrates that product quality upgrading is an important channel for FDI to affect North-South intra-industry trade, which explains the observed concurrence of FDI, product quality upgrading and North-South IIT. In the empirical part of the dissertation, I first examine the pattern of the US intra-industry trade, with a separation of horizontal intra-industry trade and vertical intra-industry trade, and then investigate the determinants of the US IIT accordingly. Relevant panel data and limited dependent variable techniques are applied for estimation. The results uncover meaningful information on the static and dynamic patterns of US IIT and provide direct evidence for hypotheses proposed by IIT theory.
Author: P. K. Mathew Tharakan
Publisher: North-Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
Author: Sakshi Aggarwal
Publisher: Cambridge Scholars Publishing
ISBN: 1527570614
Category : Business & Economics
Languages : en
Pages : 322
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Book Description
Intra-industry trade (IIT) has emerged as a major area of research in the analysis of international and intra-regional specialization. This book highlights the changes which the Indian economy has witnessed in the past two decades following the economic liberalization of the 1990s. It has been revealed that there are comparatively few studies in the context of developing economies which focus on the country-industry-specific determinants of aggregate and sectoral IIT. The book incorporates several hypotheses to analyze demand-driven, supply-induced, industry-specific, and policy-oriented drivers influencing the level of bilateral aggregate and sectoral IIT in the Indian context. Moreover, several trade-related, labor specific and trade overlap induced factors dictate the growth trajectory and the employment level of an economy. Therefore, the current research conducts an empirical analysis to examine each hypothesis and provide significant findings to explore the relationship between key economic variables, their interaction effects, and their impact on the growth of the Indian economy.
