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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.
New Trade Theory analyses individual enterprises and plants in an international competitive situation. The classical trade theory—i.e., the Heckscher–Ohlin model—has no enterprises in mind. The new trade theory treats enterprises in an industry as identical entities. "New" New Trade Theory (NNTT) gives focus on the diversity of enterprises.
Intra-industry trade: the theory and measurement of international trade in differentiated products. New York: Wiley. ISBN ...
New trade theory (NTT) is a ... The resulting intra-industry reallocations of market shares and productive resources are much more pronounced than inter-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.
Adding to the problem of bridging economic theory with empirical results, some economists have pointed to the possibility of intra-industry trade not as the result of differentiated goods, but because of “reciprocal dumping.” In these models, the countries involved are said to have imperfect competition and segmented markets in homogeneous ...
A decades-old cosmetic procedure called mesotherapy, which involves injecting unregulated mixtures of vitamins and drugs under the skin to reduce under-eye bags, is regaining popularity in the US.
Trade involves the transfer of goods and services from one person or entity to another, ... New trade theory; Economic geography; Intra-industry trade; Gravity model ...