Intra-Industry Trade Revisited: A Note |
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| Authors: | Maria E. de Boyrie Mordechai Kreinin |
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| Affiliation: | 1. Department of Finance, MSC 3FIN, College of Business, New Mexico State University, P.O. BOX 30001, Las Cruces, NM, 88003, USA
2. Department of Economics, 110 Marshall-Adams Hall, Michigan State University, East Lansing, MI, 48824, USA
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| Abstract: | This short note revisits the relative importance of intra- and inter-industry trade by using the Grubel-Lloyd formula as a measure of intra-industry trade to the country??s manufacturing trade (sections 5?C8 of the SITC) where each industry is the four digit classification. Measures for a country??s total trade, as well as its bilateral trade with specific countries are utilized. The results demonstrate that intra-industry trade dominates trade among the OECD countries, while inter-industry trade dominates North-South and South-South trade. |
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