Intra-industry Trade

Intra-industry Trade
Author: Peter John Lloyd
Publisher: Edward Elgar Publishing
Total Pages: 584
Release: 2003
Genre: Business & Economics
ISBN:

Download Intra-industry Trade Book in PDF, Epub and Kindle

This authoritative new collection presents a selection of previously published seminal articles that have led to the development of intra-industry trade theory and empirical research. Parts I and II cover the pioneering research in the 1960s and a number of models of intra-industry trade that were developed from 1979 to the present day. Parts III and IV look at the empirical research problems in the choice of measure of intra-industry trade and empirical studies that seek to identify the nature of this trade. Part V deals with the role of the multinational corporation and part VI completes the collection with articles that look at extensions to asset markets and applications to other problems such as the geography of trade and rules of origin. Intra-Industry Trade will be an invaluable source of reference to all international trade economists and libraries specialising in this area.

Marginal Intra-Industry Trade and Adjustment Costs

Marginal Intra-Industry Trade and Adjustment Costs
Author: Michael Thorpe
Publisher:
Total Pages: 9
Release: 2014
Genre:
ISBN:

Download Marginal Intra-Industry Trade and Adjustment Costs Book in PDF, Epub and Kindle

The objective of this research is to investigate labour market adjustment associated with changes in Australia's trade pattern over the period 1992-2000. Specifically the focus is on the so-called smooth adjustment hypothesis (SAH) which posits that, compared with inter-industry trade, intra-industry trade (IIT) expansion is associated with relatively lower factor adjustment costs. A dynamic panel data approach (GMM-System) is employed. We find that there is a negative correlation between changes in employment and increased IIT. This result provides support for the SAH. Given the rise in IIT as a proportion of Australia's overall trade during the period under review, the adjustment in labour markets stemming from trade liberalisation at that time is likely to have been less than otherwise expected.