Intra-Industry Trade and Specialisation in Processed Agricultural Products: The Case of the US and EC
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
The literature on intra-industry trade emphasises imperfect competition as a determinant of such trade, and most of the empirical work has focussed on manufactured goods. However, given the growth in trade in processed agricultural products, particularly between developed countries, and given the structure of the food processing industries, then trade
in processed products may also be intra-industry in nature. This paper, therefore, examines trade in high-value products for the US and EC using measures of intra-industry trade and specialisation. The results show intra-industry specialisation to be generally more important for the EC than the US.