Horizontal and Vertical Intra-Industry Trade in Trans-Tasman Bilateral Trade

• 영문명: Horizontal and Vertical Intra-Industry Trade in Trans-Tasman Bilateral Trade
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Kishor Sharma
• 간행물 정보: 『Journal of Economic Integration』제19권 제3호, 590~603쪽, 전체 14쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2004.09.30

영문 초록

This paper disentangles trans-Tasman intra-industry trade (IIT) into horizontal IIT (HIIT) and vertical IIT (VIIT), and uses country-specific features to investigate their determinants in an econometric framework. Results suggest that trans-Tasman IIT is dominated by VIIT and concentrates mainly (about 50%) on two highly protected industries, namely machinery and equipment, and textile, clothing and footwear. This suggests that the closer economic relations (CER) may be contributing to trade diversion rather than trade creation. It appears that despite similarity in resource endowments between Australia and New Zealand the determinants of HIIT and VIIT are sensitive to the country specific characteristics. Hence, assuming similarity across countries in cross-country studies is unjustifiable.

목차

Ⅰ. Introduction

Ⅱ. Methodological Issues, and the Nature and Extent of Trans-Tasman IIT

Ⅲ. Model specification

Ⅳ. Empirical results

Ⅴ. Conclusion

키워드

Intra-industry trade horizontal IIT vertical IIT and closer economic integration