On the Measurement of Changes in Product Quality in Marginal Intra-Industry Trade |
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| Authors: | Abdul K M Azhar Robert J R Elliott |
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| Institution: | (1) University of Putra, Serdang, Malaysia;(2) Department of Economics, University of Birmingham, B15 2TT Edgbaston, Birmingham, UK |
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| Abstract: | There is a long established thread of the international trade literature concerned with the measurement of intra-industry
trade (IIT). Two distinct strands of the literature have developed: First, measures of marginal IIT that are concerned with
the adjustment implications of volume-based changes in IIT; second, measures of vertical and horizontal IIT that are concerned
with quality-based differences in IIT. This paper marries the two literatures to provide a new perspective on the smooth adjustment
hypothesis debate and suggests the use of the marginal product quality index, a new measure of changes in quality in matched
trade changes that complements dynamic measures of volume-based IIT.
JEL no. F19 |
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| Keywords: | Intra-industry trade adjustment costs quality product differentiation |
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