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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.
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]
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.
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
Intra-industry trade; ... Terms of trade; International trade is the exchange of capital, ... Market segmentation index – Measure of the degree of monopoly power;
New Trade theorists challenge the assumption of diminishing returns to scale, and some argue that using protectionist measures to build up a huge industrial base in certain industries would then allow those sectors to dominate the world market via a network effect. See also Intra-industry trade.
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