The measurement of intra-industry trade and specialisation: a Review

• G. Carrera-Gómez ^[1]
  1. [1] Universidad de Cantabria
• Localización: Essays on microeconomics and industrial organisation / coord. por Pablo Coto Millán, 2002, ISBN 3-7908-1390-7, págs. 123-154
• Idioma: inglés
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• Resumen

  • The assessment of the relevance of the new theories of trade as opposed to the traditional theoretical approach, when it comes to explain real trade patterns, is essentially an empirical question. Nevertheless, there are two problems (which remain unsolved) which influence the results obtained when measuring intraindustry trade and specialisation. The first problem refers to the very existence of the phenomenon and is related to the definition of “industry” and the selection of the level of data dissagregation more appropriate to study such a phenomenon. The second problem, closely connected to the former, comes from the objective difficulty of finding a convenient quantitative measure.