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- Title
Intra-industry trade: A Krugman-Ricardo Model and Data.
- Authors
Soo, Kwok Tong
- Abstract
This paper develops a model of international trade with a continuum of countries and sectors, which combines Ricardian comparative advantage and increasing returns to scale. Trade consists of both inter- and intra-industry trade. The model predicts that the trade-weighted Grubel-Lloyd index of intra-industry trade is positively related to the number of exported sectors, and is negatively related to the number of imported sectors. Empirical evidence from a panel of countries using the UN Comtrade database supports these predictions, and the model fits the data better for non- OECD than for OECD countries.
- Subjects
INTERNATIONAL trade -- Econometric models; RICARDIAN Model of International Trade; INTERNATIONAL economic relations; COMMERCE; ECONOMETRIC models
- Publication
Economica, 2016, Vol 83, Issue 330, p338
- ISSN
0013-0427
- Publication type
Article
- DOI
10.1111/ecca.12173