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2006
- handle: 10670/1.jk30z5
- 1133-3197
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Estudios de Economía Aplicada
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E.M. EKANAYAKE et al., « An Empirical Estimation of the U.S. Intra-Industry Trade with Spain », Estudios de Economía Aplicada, ID : 10670/1.jk30z5
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Résumé
"The trade between the United States and Spain is increasingly characterized by intra-industry trade. This paper aims to explain the extent of vertical and horizontal intra-industry trade ( ) in United State's foreign trade with Spain. Trade patterns are identified by breaking up total trade into three trade types: one-way trade (i.e. inter-industry trade), two-way trade (i.e. intra-industry trade)in horizontally differentiated products, and two-way trade in vertically differentiated products. 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 2004. One of the main findings is that the observed increase in intra-industry trade between the United States and Spain is almost entirely due to two-way trade in vertical differentiation. Another important finding is that the share of vertical intra-industry trade has increased significantly during this period."