Intraindustry Trade
Howard P Marvel and
Edward John Ray
Journal of Political Economy, 1987, vol. 95, issue 6, 1278-91
Abstract:
This paper provides an empirical analysis of the determinants of intraindustry trade. The authors demonstrat that two-way trade flows occur where conditions are favorable to international specialization consistent with the Stigler-Williamson analysis of the division of labor. The results are inconsistent wit h the prevailing product differentiation-cum-scale economies model of intraindustry trade. In addition, the authors show that intraindustr y trade has a significant impact on protectionist pressures. Exports of closely related products have the effect of mitigating the tariff- raising effects that imports would otherwise exert. Copyright 1987 by University of Chicago Press.
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:ucp:jpolec:v:95:y:1987:i:6:p:1278-91
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