Intra-Industry Trade Revisited: A Note

This short note revisits the relative importance of intra- and inter-industry trade by using the Grubel-Lloyd formula as a measure of intra-industry trade to the country’s manufacturing trade (sections 5–8 of the SITC) where each industry is the four digit classification. Measures for a country’s to...

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Bibliographic Details
Published in:Open economies review 2012-09, Vol.23 (4), p.741-745
Main Authors: de Boyrie, Maria E., Kreinin, Mordechai
Format: Article
Language:English
Subjects:
Bilateral economic relations
Business to business commerce
Classification
Comment
Developing countries
Development Economics
Economic Policy
Economics
Economics and Finance
European Integration
Industrialized nations
International Economics
International trade
LDCs
Macroeconomics/Monetary Economics//Financial Economics
Manufacturing
North-South trade
OECD
Studies
Trade
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Summary:This short note revisits the relative importance of intra- and inter-industry trade by using the Grubel-Lloyd formula as a measure of intra-industry trade to the country’s manufacturing trade (sections 5–8 of the SITC) where each industry is the four digit classification. Measures for a country’s total trade, as well as its bilateral trade with specific countries are utilized. The results demonstrate that intra-industry trade dominates trade among the OECD countries, while inter-industry trade dominates North-South and South-South trade.
ISSN:0923-7992
1573-708X
DOI:10.1007/s11079-011-9212-6