Measures of Intra-Industry Trade as Indicators of Factor Market Disruption
Concepts of intraindustry trade (IIT) are often used to indicate the extent to which trade growth is accommodated without factor market disruption. The most common indicators are movements in Grubel-Lloyd indexes. However, these are sometimes misleading. The authors develop two other indicators. The first involves changes in IIT. While this provides a measure of the contribution of IIT growth to trade growth, it can overestimate the contribution of nondisruptive trade growth. This problem is overcome by their second indicator, the contribution of dynamic intraindustry trade or matched changes in trade. All three indicators are illustrated with Australian manufacturing data. Copyright 1997 by The Economic Society of Australia.
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- Finger, J M, 1975. "Trade Overlap and Intra-Industry Trade," Economic Inquiry, Western Economic Association International, vol. 13(4), pages 581-89, December.
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- Clive Hamilton & Paul Kniest, 1991. "Trade liberalisation, structural adjustment and intra-industry trade: A note," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 127(2), pages 356-367, June.
- Pomfret, Richard, 1985. "Categorical Aggregation and International Trade: A Comment," Economic Journal, Royal Economic Society, vol. 95(378), pages 483-85, June.
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