Intra-industry trade in horizontally and vertically differentiated agrifood products between Hungary and the EU

Imre Fertő and Lionel J. Hubbard ()
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Lionel J. Hubbard: Department of Agricultural Economics and Food Marketing, University of Newcastle upon Tyne, UK

No 202, CERS-IE WORKING PAPERS from Institute of Economics, Centre for Economic and Regional Studies

Abstract: Intra-industry trade in agri-food products between Hungary and the EU is shown to be low and dominated by vertically rather than horizontally differentiated products, suggesting higher economic adjustment costs. Following recent empirical studies, we then test econometrically for the determinants of this trade using different measures of horizontal and vertical trade, and employing an array of popular explanatory variables. Results suggest that separating the measure of intra-industry trade into vertical and horizontal provides for better estimation and supports the contention that the determinants may differ by type of trade. In the regression analysis, the level of intra-industry trade is found to serve as a better dependent variable than the degree or share of intra-industry trade.

Pages: 17 pages
Date: 2002-01
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Intra-Industry Trade in Horizontally and Vertically Differentiated Agri-Food Products between Hungary and the EU (2002)
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