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Intra-Industry Specialization And Trade Expansion In U.S. Trade With The Free Trade Areas Of The Americas (Ftaa), John R. Ledgerwood, E. M. Ekanayake, Mihalis Halkides
Intra-Industry Specialization And Trade Expansion In U.S. Trade With The Free Trade Areas Of The Americas (Ftaa), John R. Ledgerwood, E. M. Ekanayake, Mihalis Halkides
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This paper aims to explain the extent of vertical and horizontal intra-industry trade (IIT) in United State's foreign trade with the other 33 members of the Free Trade Areas of the Americas (FTAA). It also attempts to identify the country- and industry-specific determinants of vertical and horizontal IIT. This study uses detailed trade data at the 10-digit Harmonized System (HS) industry level and covers a longer and more recent period, 1990 through 2005. The Grubel-Lloyd intra-industry trade index is used to calculate the intensity of these two types of intra-industry trade. One of the main findings is that, with the …