TY - JOUR
T1 - Fragmentation and parts and components trade
T2 - Comparison between East Asia and Europe
AU - Kimura, Fukunari
AU - Takahashi, Yuya
AU - Hayakawa, Kazunobu
PY - 2007/2/1
Y1 - 2007/2/1
N2 - This paper argues that fragmentation theory is well suited for explaining the mechanics of international production/distribution networks in East Asia, in contrast with the traditional horizontal product differentiation model fitted for intra-industry trade in core Europe. Using finely disaggregated international trade data, patterns of international trade in East Asia and Europe, particularly trade in machinery parts and components, are carefully examined, and the gravity equation approach is applied to check the validity of the theoretical framework.
AB - This paper argues that fragmentation theory is well suited for explaining the mechanics of international production/distribution networks in East Asia, in contrast with the traditional horizontal product differentiation model fitted for intra-industry trade in core Europe. Using finely disaggregated international trade data, patterns of international trade in East Asia and Europe, particularly trade in machinery parts and components, are carefully examined, and the gravity equation approach is applied to check the validity of the theoretical framework.
KW - East Asia
KW - Fragmentation
KW - Intra-industry trade
UR - http://www.scopus.com/inward/record.url?scp=33847613555&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=33847613555&partnerID=8YFLogxK
U2 - 10.1016/j.najef.2006.12.002
DO - 10.1016/j.najef.2006.12.002
M3 - Article
AN - SCOPUS:33847613555
SN - 1062-9408
VL - 18
SP - 23
EP - 40
JO - North American Journal of Economics and Finance
JF - North American Journal of Economics and Finance
IS - 1
ER -