Intra-Industry Trade Revisited: A Note
AbstractThis short note revisits the relative importance of intra- and inter-industry trade by using the Grubel-Lloyd formula as a measure of intra-industry trade to the country’s manufacturing trade (sections 5–8 of the SITC) where each industry is the four digit classification. Measures for a country’s total trade, as well as its bilateral trade with specific countries are utilized. The results demonstrate that intra-industry trade dominates trade among the OECD countries, while inter-industry trade dominates North-South and South-South trade. Copyright Springer Science+Business Media, LLC 2012
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Bibliographic InfoArticle provided by Springer in its journal Open Economies Review.
Volume (Year): 23 (2012)
Issue (Month): 4 (September)
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Web page: http://www.springerlink.com/link.asp?id=100323
Grubel-Lloyd; Intra-industry; Inter-industry; Trade; OECD; BRIC; F14;
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- F14 - International Economics - - Trade - - - Empirical Studies of Trade
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