Long-term Trends in Intra-Industry Trade

Lionel Fontagné and Michael Freudenberg ()

Chapter 8 in Frontiers of Research in Intra-Industry Trade, 2002, pp 131-158 from Palgrave Macmillan

Abstract: Abstract This chapter examines European trade patterns over the period 1980–99, using data on values and unit values of bilateral trade flows at a very detailed level. Reviewing the related concerns for economic policy permits the identification of a key issue: quality matters. A new method of measurement highlights the fact that the development of intra-industry trade is associated with a specialization of countries along quality lines. This result sheds light on the often neglected potential adjustment costs of intra-industry trade in vertically differentiated products.

Keywords: Bilateral Trade; Trade Balance; Adjustment Cost; Exchange Rate Volatility; Trade Pattern (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28598-9_8

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DOI: 10.1057/9780230285989_8

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