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How important is intra-industry trade in trade growth?

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Author Info

  • Jayant Menon
  • Peter Dixon

Abstract

Empirical work on intra-industry trade (IIT) is almost 30 years old. Initial research sought to identify if IIT was a significant share of total trade (TT). The Grubel-Lloyd (GL) index was widely used for this purpose. Interest has since shifted to the changing importance of IITover time. Using movements in the GL index to infer the importance of IIT over time is not only vague, but can be misleading. In this article, we measure the contributions of growth in net trade (NT) and IIT to the growth in TT. To understand changes in IIT over time, we also derive the contributions of imports and exports to the growth in TT, NT, and IIT. All our formulas are illustrated with data for 205 Australian manufacturing industries. Copyright Kluwer Academic Publishers 1996

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File URL: http://hdl.handle.net/10.1007/BF01891902
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Bibliographic Info

Article provided by Springer in its journal Open Economies Review.

Volume (Year): 7 (1996)
Issue (Month): 2 (April)
Pages: 161-175

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Handle: RePEc:kap:openec:v:7:y:1996:i:2:p:161-175

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Web page: http://www.springerlink.com/link.asp?id=100323

Related research

Keywords: intra-industry trade; decomposing trade growth; adjustment costs;

References

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  1. Krugman, Paul R, 1981. "Intraindustry Specialization and the Gains from Trade," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 959-73, October.
  2. Dixon, Peter B & Menon, Jayant, 1997. "Measures of Intra-industry Trade as Indicators of Factor Market Disruption," The Economic Record, The Economic Society of Australia, vol. 73(222), pages 233-37, September.
  3. Jayant Menon & Peter B. Dixon,, . "Regional Trading Agreements and Intra-Industry Trade," Discussion Papers 95/14, University of Nottingham, CREDIT.
  4. Finger, J M, 1975. "Trade Overlap and Intra-Industry Trade," Economic Inquiry, Western Economic Association International, vol. 13(4), pages 581-89, December.
  5. Greenaway, David & Milner, Chris R, 1983. "On the Measurement of Intra-Industry Trade," Economic Journal, Royal Economic Society, vol. 93(372), pages 900-908, December.
  6. Caves, Richard E, 1981. "Intra-Industry Trade and Market Structure in the Industrial Countries," Oxford Economic Papers, Oxford University Press, vol. 33(2), pages 203-23, July.
  7. Jayant Menon, 1994. "Trade Liberalisation, Closer Economic Relations and Intra-Industry Specialisation," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 27(2), pages 31-42.
  8. Yung Chul Park & Won-Am Park, 1991. "Changing Japanese Trade Patterns and the East Asian NICs," NBER Chapters, in: Trade with Japan: Has the Door Opened Wider?, pages 85-120 National Bureau of Economic Research, Inc.
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Citations

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Cited by:
  1. Jayant Menon, 1994. "Trade Liberalization and Intra-Industry Specialization: The Australian Experience," Centre of Policy Studies/IMPACT Centre Working Papers g-107, Victoria University, Centre of Policy Studies/IMPACT Centre.
  2. Jayant Menon & Peter B. Dixon, 1995. "Regional Trading Arrangements and Intra-Industry Trade: The Case of ANZCERTA," Centre of Policy Studies/IMPACT Centre Working Papers g-114, Victoria University, Centre of Policy Studies/IMPACT Centre.
  3. Jayanthakumaran, Kankesu, 2004. "An Empirical Assessment of the Impact of Intra-Industry Trade on Employment: Australia 1989/90-2000/01," Economics Working Papers wp04-11, School of Economics, University of Wollongong, NSW, Australia.
  4. Jayant Menon, 1996. "How Reliable are Intra-Industry Trade Measures as Indicators of Adjustment Costs?," Centre of Policy Studies/IMPACT Centre Working Papers g-119, Victoria University, Centre of Policy Studies/IMPACT Centre.
  5. Peter B. Dixon & Jayant Menon, 1995. "Measures of Intra-Industry Trade as Indicators for Factor Market Disruption," Centre of Policy Studies/IMPACT Centre Working Papers g-113, Victoria University, Centre of Policy Studies/IMPACT Centre.
  6. M. A. B. Siddique & Srikanta Chatterjee, 2002. "The CER in Action: A Closer Look at Australia-NZ Trade Flows Since 1983," Economics Discussion / Working Papers 02-18, The University of Western Australia, Department of Economics.

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