Intra-Industry, Intra-Product, and Inter-Product Trade

Michael Michaely and David Wajnryt
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Michael Michaely: The Hebrew University of Jerusalem, Jerusalem, Israel
David Wajnryt: The Foreign-Trade Section, Macroeconomics, The Central Bureau of Statistics of Israel, Jerusalem, Israel

Global Economy Journal (GEJ), 2017, vol. 17, issue 3, 1-11

Abstract: The study starts with clarifying the distinction between intra-product and inter-product trade as origins of intra-industry trade. The empirical analysis shows that over the last half century intra-industry trade has strongly intensified, though this trend became less pronounced during the last two decades. Intra-industry trade characterizes the trade flows of Europe distinctly more than of any other major geographical region. It is clearly related to a country’s level of per-capita income; to its size, as measured by aggregate income; to the share of the manufacturing sector in the country’s trade; and, most strongly, to the level of commodity diversification of a country’s trade.

Keywords: Intra-industry trade; income levels; trade diversification (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1142/GEJ-2017-0024

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