HORIZONTAL AND VERTICAL INTRA-INDUSTRY TRADE: IS THE EMPIRICAL CLASSIFICATION USABLE?

• 발행기관: People & Global Business Association
• 저자명: Jørgen Ulff Møller Nielsen Teit Lü thje
• 간행물 정보: 『Global Business and Finance Review』Vol.7 No.1, 1~12쪽, 전체 11쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2002.06.30

영문 초록

On the basis of OECD trade statistics at SITC 5 digit level for the period 1961-1999 this paper shows the classification of international trade in (1) inter-industry trade; (2) horizontal intra-industry; and (3) vertical intra-industry trade used in the empirical trade literature to be unstable at the individual product level. This indicates that this type of statistical classification based on unit-values is probably not very useful. On the other hand, the paper also shows in accordance with the literature, that the aggregate distribution of trade into the three categories apparently is rather stable with vertical intra-industry trade (between Germany and France) making up 50-60%. The high level of vertical intra-industry trade probably cover-up many products shifting between e.g. vertical and horizontal intra-industry. The statement from the literature that the European integration process involves heavy adjustment costs because of the size of vertical intra-industry trade is therefore rather dubious.

목차

Abstract

INTRODUCTION

LITERATURE REVIEW

MEASUREMENT AND DATA

EMPIRICAL RESULTS

CLOSING REMARKS

REFERENCES