Dissecting intra-industry trade

Biesebroeck, Johannes Van

doi:10.1016/j.econlet.2010.10.004

Cited by 10 publications

(2 citation statements)

References 9 publications

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“…While the original four-equation system developed by Imbs would allow disentangling these two components, the lack of data on inter-state trade and the need to estimate trade flows from a gravity model do not make this possible here. However, on the one hand Van Biesebroeck (2010) shows that most manufacturing trade among US states is intra-industry; on the other hand, Fidrmuc (2004) emphasizes that the commonly reported positive relationship between trade and synchronization must be actually attributed to intra-industry trade. As a consequence, in our setting we expect to ascertain a positive role for trade flows on the degree of synchronization among business cycles.…”

Section: Initial Period Following Period Switching Statesmentioning

confidence: 99%

Business cycle dynamics across the US states

Magrini

Gerolimetto

Duran

2013

The B.E. Journal of Macroeconomics

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Abstract:The analysis of synchronization among regional or national business cycles has recently been attracting a growing interest within the economic literature. Far less attention has instead been devoted to a closely related issue: given a certain level of synchronization, some economies might be systematically ahead of others along the swings of the business cycle. We analyze this issue within a system of economies and show that leading (or lagging behind) is a feature that does not occur at random across the economies. In addition, we investigate the economic drivers that could explain this behavior. To do so, we employ data for 48 conterminous US states between 1990 and 2009.

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Section: Initial Period Following Period Switching Statesmentioning

confidence: 99%

Business cycle dynamics across the US states

Magrini

Gerolimetto

Duran

2013

The B.E. Journal of Macroeconomics

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“…The reason may be that, for the products of the United States and EU countries, the differences are mainly horizontal. The trade between them is mainly intra‐industry trade based on economies of scale (Van Biesebroeck, 2011). However, for the products of China and EU countries, the differences are mainly vertical.…”

Section: Extended Analysesmentioning

confidence: 99%

EU‐China trade and intra‐EU trade: Substitute or complementary?

Chen

Luo

Renard

et al. 2021

Journal of Economic Surveys

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This paper examines how EU-China trade affected intra-EU trade. The estimation shows that when a country's share of trade with China increased, its share of trade with EU partners declined. This suggests that stronger trade links with China resulted in weaker trade links among EU countries. Furthermore, the "disintegration" effect of the export to China was stronger than that of import from China, meaning that the influence of China as an export destination was greater than that of China as a source of import. An extended analysis shows that the disintegration effect was most strongly felt in trade links among EU core countries, less strongly felt in trade links between EU core and periphery countries, and least strongly felt in trade links among EU periphery countries. In comparison, we find that EU import from the US and India significantly weakened and strengthened intra-EU trade respectively. Estimation results using product level data demonstrate that the effects depend on the types of products we are concerned with. Whether using gross value or value added, the conclusions remain valid.

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On the environmental consequences of intra-industry trade

Roy

2017

Journal of Environmental Economics and Management

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In the trade and environment debate, the relevance of intra-industry trade (IIT) cannot be overemphasized. However, an empirical analysis of the environmental implications of such trade is long overdue. Although a number of studies have largely found overall trade to be pro-environment, the consequences of IIT may di §er due to lower adjustment costs, easier technology absorption, and a distinct composition e §ect. In this light, we provide the first empirical investigation of IIT's impact on the environment. Apart from utilizing data on eight environmental indicators from roughly 200 countries over 2000-2005, we also attend to concerns over endogeneity by instrumenting for our trade and income variables. Across several sets of instruments, we consistently find (i) IIT to typically benefit the environment, (ii) overall trade to be less pro-environment than IIT, and (iii) concerns over endogeneity to be relevant.

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Dissecting intra-industry trade

Abstract: We show that gradually most U.S. manufacturing trade has become intra-industry, even at the finest level of aggregation. This also holds for the E.U. and increasingly for China, but only if goods are not classified by quality; Japanese trade remains far more inter-industry.

Cited by 10 publications

References 9 publications

Business cycle dynamics across the US states

Business cycle dynamics across the US states

EU‐China trade and intra‐EU trade: Substitute or complementary?

On the environmental consequences of intra-industry trade

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