Comparative Advantages of the Intermediate Products’ Trade

Virgil Gherghina () and Georgeta Gherghina
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Virgil Gherghina: PhD student, Free International University of Moldova
Georgeta Gherghina: PhD student, Free International University of Moldova

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 961-966

Abstract: Intermediate goods trade analyzes indicate their relative importance compared to other product categories and their dynamics over time. The industry size means specialization models, outlines general patterns and volumes of intermediate goods trade for individual countries. The results indicate that intermediate goods trade can serve as an important vehicle for trade integration in world markets and allow countries to overcome adverse initial patterns of specialization, thus allowing dynamic changes in the structures of comparative advantage through learning effects

Keywords: comparative advantages; intermediate goods; international trade; supply chain (search for similar items in EconPapers)
JEL-codes: F14 (search for similar items in EconPapers)
Date: 2012
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