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The Grubel–Lloyd index measures intra-industry trade of a particular product. It was introduced by Herb Grubel and Peter Lloyd in 1971. = (+) ...
Hence, as intra-industry trade has developed many economists have looked at other explanations. One attempt to explain IIT was made by Finger (1975), who thought that occurrence of intra-industry trade was “unremarkable” as existing classifications place goods of heterogeneous factor endowments in a single industry.
Marginal Intra-Industry Trade, a concept originating in international economics, refers to the degree to which the change in a country's exports over a certain period of time are essentially of the same products as its change in imports over the same period.
Brülhart is an empirical economist with broad research interests. His Google Scholar h-index stands at 42. [11] In his Ph.D. work, he contributed to the measurement of intra-industry trade (IIT), mainly by developing an index of marginal IIT that has become the standard measure of changes in two-way international trade. [12]
For example, a $40 toaster oven would retail for $48 to $52 after the tariffs, while a $50 pair of running shoes would jump to to $59 to $64, according to the industry trade group.
New trade theory; Economic geography; Intra-industry trade; Gravity model of trade; Ricardian trade theories; Balassa–Samuelson effect; Linder hypothesis; Leontief paradox; Lerner symmetry theorem; Terms of trade
The Hutham S. Olayan Stock Index From January 2008 to December 2012, if you bought shares in companies when Hutham S. Olayan joined the board, and sold them when she left, you would have a -63.9 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Subsequent developments in the new trade theory, motivated in part by the empirical shortcomings of the H–O model and its inability to explain intra-industry trade, have provided an explanation for aspects of trade that are not accounted for by comparative advantage. [20]