Vertical and Horizontal Intra-Industry Trade: A Cross Industry Analysis for the United Kingdom

Greenaway, David; Hine, Robert C.; Milner, Chris

doi:10.2307/2235113

Cited by 354 publications

(257 citation statements)

References 16 publications

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“…In order to split the IIT index into a horizontally and a vertically differentiated part Greenaway et al (1995) reformulate Grubel and Lloyd's index, see Eq. 2, to…”

Section: Measurement Of Intra-industry Tradementioning

confidence: 99%

Driving forces of vertical intra-industry trade in Europe 1996–2005

Jensen

Lüthje

2009

Rev World Econ

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A common feature in the empirical literature of intra-industry trade is the analysis of trade between a given reference country and a set of partners. This article differs from previous studies by examining the bilateral trade among all trading partners within a set of partners. Using a panel data approach, we find that differences in factor endowments seem not to be important as a driving force behind vertical intra-industry trade for European countries over the chosen period. More important driving forces are production size, geographical proximity, average income per capita and income distribution overlap.

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“…In order to split the IIT index into a horizontally and a vertically differentiated part Greenaway et al (1995) reformulate Grubel and Lloyd's index, see Eq. 2, to…”

Section: Measurement Of Intra-industry Tradementioning

confidence: 99%

Driving forces of vertical intra-industry trade in Europe 1996–2005

Jensen

Lüthje

2009

Rev World Econ

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“…Incidentally, the theoretical literature distinguishes between horizontal and vertical product differentiation involving similar and divergent qualities of product variants, respectively (Reitzes, 1992). Lancastrian and Chamberlinian denote two distinct approaches towards modelling horizontal differentiation (Greenaway, Hine, & Milner, 1995). While the former suggests that consumers aim for a particular combination of attributes in their preferred variety (Lancester, 1979), the latter contends that they aspire to purchase as many varieties as possible of a given product class (Dixit & Stiglitz, 1977;Spence, 1976).…”

Section: Imperfect Competition and Economies Of Scalementioning

confidence: 99%

The Legacy of Conventional Textbook Trade Theory in the Light of Globalization

Nagel¹,

Burnete²

2018

JMAA

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The term "globalization" designates the rapidly advancing international economic integration through substantial growth in trade of goods and services as well as surging cross-border factor mobility from the early 1990s onwards.This acceleration in the liberalization of world trade and capital movements is largely attributable to technological progress which significantly curtailed the expenses for transport as well as communication. In conjunction with the progressing opening of major newly industrializing economies endowed with abundant and cheap labor forces, it has reinforced a geographical fragmentation of production processes according to cost considerations. This phenomenon termed as "vertical specialization", "outsourcing" or also "slicing the value chain" in turn has translated into a hike in FDI and international trade of intermediate products. The main objective of this paper is to identify adequate trade models for assessing the corresponding effects of those developments. In this context, textbook trade theories spanning from comparative advantage à la Ricardo to the new-new trade theory are examined. Subsequently, we expand on globalization-induced new forms of trade (intra-firm trade, trade within the value chain) and finally conclude with our findings to properly account for those trends.

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“…In the present paper, following Greenaway et al (1994Greenaway et al ( , 1995Greenaway et al ( , 1999 we shall base our analysis on the GL approach, postponing the use of the FF index for future research. The goods will be represented by 5-digit SITC sectors.…”

Section: Uvxmentioning

confidence: 99%

“…These studies, however, covered a rather short period (1993)(1994)(1995)(1996)(1997)(1998)(1999) for Erk and Tekgul, 1991, 1995 for Lohrman) and did not utilize trade data at as low a level of aggregation possible so that it corresponds to "goods" rather than "sectors". In the present study, we intend to make up for both of these shortcomings by using SITC, Rev.…”

Section: Introductionmentioning

confidence: 99%

Measuring vertical and horizontal intra-industry trade: the case for Turkey

Erlat

2012

IJEBR

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Vertical and Horizontal Intra-Industry Trade: A Cross Industry Analysis for the United Kingdom

Cited by 354 publications

References 16 publications

Driving forces of vertical intra-industry trade in Europe 1996–2005

Driving forces of vertical intra-industry trade in Europe 1996–2005

The Legacy of Conventional Textbook Trade Theory in the Light of Globalization

Measuring vertical and horizontal intra-industry trade: the case for Turkey

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