Changing Trade Patterns in Manufactured Goods: An Econometric Investigation (eBook)

B. Balassa, L. Bauwens (Autoren)

eBook Download: PDF

2014 | 1. Auflage
219 Seiten
Elsevier Science (Verlag)
978-1-4832-9713-2 (ISBN)

Infos

This volume examines the changing pattern of trade in manufactured goods by the use of econometric techniques. The method of investigation employed is cross-section analysis of data for thirty-eight developed and developing countries, for each of which manufactured goods accounted for at least 18 percent of total exports and surpassed $300 million in 1979. The results may further be interpreted in terms of the changes that occur in the pattern of specialization in the process of economic development.

Inhalt

Front Cover 1
Changing Trade Patterns in Manufactured Goods: An Econometric Investigation 4
Copyright Page 5
Table of Contents 10
INTRODUCTION TO THE SERIES 6
PREFACE 8
LIST OF TABLES 14
LIST OF FIGURES 18
Part I: THE DETERMINANTS OF INTER-INDUSTRY TRADE IN MANUFACTURED GOODS 20
Chapter 1. CONCEPTUAL AND MEASUREMENT ISSUES 22
1.1 Testing the Heckscher-Ohlin Theory 22
1.2 Defining the Trade Variables 24
1.3 Estimating the Factor Intensity Coefficients 26
1.4 Estimating Factor Endowments 43
1.5 A Short Outline 44
Chapter 2. COMPARATIVE ADVANTAGE IN A MULTI-PRODUCT AND MULTI-FACTOR MODELWITH COUNTRY OBSERVATIONS 46
2.1 A Two-Stage Model of Comparative Advantage 46
2.2 The Estimation Results 48
2.3 Alternative Specifications of the Capital Coefficient 54
2.4 Explaining the Residuals 56
2.5 Projecting into the Future 62
2.6 Summary 66
Technical Appendix 73
Chapter 3. COMPARATIVE ADVANTAGE IN A MULTI-PRODUCTAND MULTI-FACTOR MODEL OF MULTILATERAL TRADE 78
3.1 A Multilateral Model of Comparative Advantage 78
3.2 The Methodology of Estimation 79
3.3 Empirical Results for the Entire Group of Countries 83
3.4 Empirical Results for Individual Groups of Countries 86
3.5 Summary 91
Part II: THE DETERMINANTS OF INTRA-INDUSTRY TRADEIN MANUFACTURED GOODS 96
Chapter 4. CONCEPTUAL AND MEASUREMENT ISSUES 98
4·1 The Meaning and Measurement of Intra-industry Trade 98
4.2 Country Characteristics Affecting Intra-industry Trade 100
4.3 Industry Characteristics Affecting Intra-Industry Trade 109
4.4 A Short Outline 111
Chapter 5. A CROSS COUNTRY ANALYSIS OF INTRA-INDUSTRY TRADE 114
5.1 The Hypotheses to be Tested 114
5.2 The Methodology Applied 115
5.3 Empirical Results for the Entire Country Group 117
5.4 Empirical Results for Individual Groups of Countries 123
5.5 Summary 130
Technical Appendix 132
Chapter 6. INTRA-INDUSTRY TRADE AMONG EXPORTERS OF MANUFACTURED GOODS 136
6,1 The Hypotheses to be Tested 136
6.2 The Methodology Applied 137
6.3 Empirical Results for the Entire Country Group 139
6.4 Empirical Results for Individual Groups of Countries 141
6.5 Summary 147
Technical Appendix 151
Chapter 7. INDUSTRY CHARACTERISTICS AND INTRA-INDUSTRY TRADE 154
7.1 The Hypotheses to be Tested 154
7.2 The Methodology Applied 156
7.3 Empirical Results for the United States 160
7.4 Empirical Results for the Other Major Industrial Countries 163
7.5 Summary 166
Chapter 8. INTRA-INDUSTRY SPECIALIZATIONIN A MULTI-COUNTRY AND MULTI-INDUSTRIAL MODEL 168
8.1 Introduction 168
8.2 The Methodology Applied 169
8.3 The Hypotheses to be Tested 171
8.4 The Empirical Results 175
8.5 Alternative Experiments 181
8.6 Summary 185
Part III: THE DETERMINANTS OF INTER-INDUSTRY AND INTRA-INDUSTRY TRADEIN MANUFACTURED GOODS 188
Chapter 9. INTER-INDUSTRY AND INTRA-INDUSTRY SPECIALIZATIONIN MANUFACTURED GOODS 190
9.1 Introduction 190
9.2 The Hypotheses to be Tested: Inter-Industry Trade 192
9.3 The Hypotheses to be Tested: Intra-Industry Trade 195
9.4 Gravitational Variables 198
9.5 The Methodology Applied 199
9.6 Empirical Results for the Entire Country Group 202
9.7 Empirical Results for Individual Groups of Countries 204
9.8 Summary 205
REFERENCES 208
INDEX 216

Produkt-Details

• Erscheint lt. Verlag: 28.6.2014
• Sprache: englisch
• Themenwelt: Technik
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie
• ISBN-10: 1-4832-9713-6 / 1483297136
• ISBN-13: 978-1-4832-9713-2 / 9781483297132