Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in International Economics
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
Publications
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 …