How important is intra-industry trade in trade growth?
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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Volume (Year): 7 (1996)
Issue (Month): 2 (April)
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References listed on IDEAS
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- 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.
- Peter B. Dixon & Jayant Menon,, "undated".
"Measures of Intra-Industry Trade as Indicators of Factor Market Disruption,"
95/15, University of Nottingham, CREDIT.
- 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 233-237, September.
- 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.
- Jayant Menon & Peter B. Dixon,, "undated". "Regional Trading Agreements and Intra-Industry Trade," Discussion Papers 95/14, University of Nottingham, CREDIT.
- 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.
- 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.
- Krugman, Paul R, 1981. "Intraindustry Specialization and the Gains from Trade," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 959-973, October.
- Finger, J M, 1975. "Trade Overlap and Intra-Industry Trade," Economic Inquiry, Western Economic Association International, vol. 13(4), pages 581-589, December.
- Caves, Richard E, 1981. "Intra-Industry Trade and Market Structure in the Industrial Countries," Oxford Economic Papers, Oxford University Press, vol. 33(2), pages 203-223, July.
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