Intra-industry trade of transition countries: trends and determinants |
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| Affiliation: | 2. The University of Tokyo, Tokyo, Japan;3. Andalas University, Padang, Indonesia;4. Asian Institute of Technology, Bangkok, Thailand;1. School of Chemistry and the Astbury Centre, University of Leeds, Leeds LS2 9JT, UK;2. Centre for Organelle Research, Faculty of Science and Technology, University of Stavanger, Richard Johansens Gate 4, N-4021 Stavanger, Norway;3. KIIT School of Biotechnology, Campus XI, KIIT University, I-751024 Bhubaneswar, India;4. Centre for Plant Sciences, School of Molecular and Cellular Biology, University of Leeds, Leeds LS2 9JT, UK;5. Department of Biology, Biocentre Klein Flottbek, University of Hamburg, D-22609 Hamburg, Germany |
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| Abstract: | This paper analyses trends in different components of trade of transition countries. To explain the cross-country differences, the paper points out the important distinction between the determinants of inter-industry trade and intra-industry trade (IIT), and horizontal and vertical IIT. Using varieties of gravity models, it is shown that variables from Increasing Returns Trade Theory, such as scale economies, similarity of income levels, and number of varieties produced play important roles in IIT, especially in horizontal IIT, whereas factors such as comparative advantage, dissimilarity in income levels, and having more developed trade partners from Heckscher–Ohlin Trade Theory are crucial in determining inter-industry trade and vertical IIT to a lesser degree. |
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