Vertical and Horizontal Intra-Industry Trade between the U.S. and NAFTA Partners
The main objectives of this paper are to (a) explain the extent of vertical and horizontal intra-industry trade in the United States foreign trade with the North American Free Trade Area (NAFTA), and (b) identify the industryspecific determinants of vertical and horizontal intra-industry trade. One...
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| Autores principales: | , , |
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| Lenguaje: | English |
| Publicado: |
ILADES. Universidad Alberto Hurtado.
2009
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| Acceso en línea: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702009000100002 |
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| Sumario: | The main objectives of this paper are to (a) explain the extent of vertical and horizontal intra-industry trade in the United States foreign trade with the North American Free Trade Area (NAFTA), and (b) identify the industryspecific determinants of vertical and horizontal intra-industry trade. One of the main findings is that the observed increase in intra-industry trade between the United States and NAFTA is almost entirely due to two-way trade in vertical differentiation. Another important finding is that the share of horizontal intra-industry trade has increased significantly during this period, although vertical intra-industry trade continued to be dominant in the U.S.-NAFTA IIT Trade. Among the industry-specific variables, product differentiation, vertical product differentiation, and product quality differences are found to have a positive effect on all three types of IIT shares. Industry concentration and industry size are found to have a negative and statistically significant effect on all three types of IIT share. |
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