The Determinants Of Intra Industry Specialization In United States Trade PDF Download

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Intra-industry Trade

Intra-industry Trade
Author: Peter John Lloyd
Publisher: Edward Elgar Publishing
Total Pages: 584
Release: 2003
Genre: Business & Economics
ISBN:

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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.


On the Economics of Intra-industry Trade

On the Economics of Intra-industry Trade
Author: Herbert Giersch
Publisher: J.C.B. Mohr (P. Siebeck)
Total Pages: 294
Release: 1979
Genre: Business & Economics
ISBN:

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Determinants of Intra-Industry Trade in Intermediate Goods Between the US and OECD Countries

Determinants of Intra-Industry Trade in Intermediate Goods Between the US and OECD Countries
Author:
Publisher:
Total Pages:
Release: 2003
Genre:
ISBN:

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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.


European Economic Integration

European Economic Integration
Author: Miroslav Jovanovic
Publisher: Routledge
Total Pages: 425
Release: 2002-09-11
Genre: Business & Economics
ISBN: 1134866577

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In this major new text, Miroslav N.Jovanovic presents an analysis of all the major aspects of economic integration in the European Union. Beginning with an overview of the origins of European integration, he moves on to discuss in detail all the main policy areas. These include: *monetary policy *competition policy *industrial policy *fiscal policy *trade policy *the Common Agricultural Policy *foreign direct investment *regional policy. The volume also includes a discussion of less well-known policy areas, such as social policy, environmental policy and transport policy. Containing an excellent blend of theory and practice and presenting a highly complex issue in an accessible and non-technical way, this text will be an invaluable resource for students of international economics, international business and European studies.


Determinants of Intra-Industry Trade and Labour Market Adjustment

Determinants of Intra-Industry Trade and Labour Market Adjustment
Author: Sakshi Aggarwal
Publisher: Cambridge Scholars Publishing
Total Pages: 322
Release: 2024-01-05
Genre: Business & Economics
ISBN: 1527570614

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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.


Determinants of Intra-Industry Trade

Determinants of Intra-Industry Trade
Author: Janice G. Yee
Publisher: Taylor & Francis
Total Pages: 182
Release: 2021-12-12
Genre: Business & Economics
ISBN: 1000524663

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While most international economists will note that trade is beneficial, they will also comment on the adjustment costs that are usually incurred when factors of production, most notably labor, are redistributed between industries. A goal for many policymakers is to make that adjustment process easier and smoother for the factors involved, thereby highlighting the benefits of trade, rather than the costs of trade. But what are these industries that experience smoother adjustment costs? There is a growing constituency which believes that intra-industry or like trade is a characteristic of an industry with low adjustment costs. First published in 1997, this book hopes to address some of these issues and add to the growing discussion on the topic of intra-industry trade, with special attention placed on the relationship between the U.S. and Canada.