On the stability of intra-industry trade

Kazunobu Hayakawa, Tadashi Ito, Toshihiro Okubo

研究成果: Article査読

3 被引用数 (Scopus)

抄録

This paper presents the novel finding that, in contrast to what the previous literature has shown, two-way intra-industry trade (IIT) in product–country pairs, when looked from a dynamic perspective, is very unstable by using disaggregated trade data of OECD countries. Many products frequently switch among two-way, one-way and zero trade over time. To measure the stability of two-way trade, we propose a measure that we refer to as the “IIT stability index”. Our estimation results using the proposed measure show that two-way trade involving markets of different sizes and long distance are likely to be unstable and primary products are more unstable than manufactured products.

本文言語English
ページ(範囲)1-12
ページ数12
ジャーナルJournal of The Japanese and International Economies
45
DOI
出版ステータスPublished - 2017 9

ASJC Scopus subject areas

  • 財務
  • 経済学、計量経済学
  • 政治学と国際関係論

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