DETERMINANTS OF INTRAINDUSTRY TRADE - A LONGITUDINAL, CROSS-COUNTRY ANALYSIS

초록

This study examines the determinants of intra-industry trade (IIT) using longitudinal data for 68 countries for 1970-1987. The analysis distinguishes between manufacturing and nonmanufacturing countries and compares traditional static estimates with dynamic ones. This approach permits distinctions between equilibrium and disequilibrium structures and, similarly, between historical and current sources of IIT. The results are generally supportive of IIT hypotheses, but there are important differences between manufacturing and nonmanufacturing countries and between the static and dynamic structures. Moreover, the extent of IIT appears to be dominated more by preference than by scale differentials, at least among manufacturing countries.

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