Balassa / Bauwens Changing Trade Patterns in Manufactured Goods: An Econometric Investigation

1. Auflage 2014
ISBN: 978-1-4832-9713-2
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band Volume 176, 219 Seiten, Web PDF

Reihe: Contributions to Economic Analysis

This volume examines the changing pattern of trade in manufactured goods by the use of econometric techniques. The method of investigation employed is cross-section analysis of data for thirty-eight developed and developing countries, for each of which manufactured goods accounted for at least 18 percent of total exports and surpassed $300 million in 1979. The results may further be interpreted in terms of the changes that occur in the pattern of specialization in the process of economic development.

Autoren/Hrsg.

Balassa, B.

Bauwens, L.

Inhaltsverzeichnis

1;Front Cover;1
2;Changing Trade Patterns in Manufactured Goods: An Econometric Investigation;4
3;Copyright Page;5
4;Table of Contents;10
5;INTRODUCTION TO THE SERIES;6
6;PREFACE;8
7;LIST OF TABLES;14
8;LIST OF FIGURES;18
9;Part I: THE DETERMINANTS OF INTER-INDUSTRY TRADE IN MANUFACTURED GOODS;20
9.1;Chapter 1. CONCEPTUAL AND MEASUREMENT ISSUES;22
9.1.1;1.1 Testing the Heckscher-Ohlin Theory;22
9.1.2;1.2 Defining the Trade Variables;24
9.1.3;1.3 Estimating the Factor Intensity Coefficients;26
9.1.4;1.4 Estimating Factor Endowments;43
9.1.5;1.5 A Short Outline;44
9.2;Chapter 2. COMPARATIVE ADVANTAGE IN A MULTI-PRODUCT AND MULTI-FACTOR MODELWITH COUNTRY OBSERVATIONS;46
9.2.1;2.1 A Two-Stage Model of Comparative Advantage;46
9.2.2;2.2 The Estimation Results;48
9.2.3;2.3 Alternative Specifications of the Capital Coefficient;54
9.2.4;2.4 Explaining the Residuals;56
9.2.5;2.5 Projecting into the Future;62
9.2.6;2.6 Summary;66
9.2.7;Technical Appendix;73
9.3;Chapter 3. COMPARATIVE ADVANTAGE IN A MULTI-PRODUCTAND MULTI-FACTOR MODEL OF MULTILATERAL TRADE;78
9.3.1;3.1 A Multilateral Model of Comparative Advantage;78
9.3.2;3.2 The Methodology of Estimation;79
9.3.3;3.3 Empirical Results for the Entire Group of Countries;83
9.3.4;3.4 Empirical Results for Individual Groups of Countries;86
9.3.5;3.5 Summary;91
10;Part II: THE DETERMINANTS OF INTRA-INDUSTRY TRADEIN MANUFACTURED GOODS;96
10.1;Chapter 4. CONCEPTUAL AND MEASUREMENT ISSUES;98
10.1.1;4·1 The Meaning and Measurement of Intra-industry Trade;98
10.1.2;4.2 Country Characteristics Affecting Intra-industry Trade;100
10.1.3;4.3 Industry Characteristics Affecting Intra-Industry Trade;109
10.1.4;4.4 A Short Outline;111
10.2;Chapter 5. A CROSS COUNTRY ANALYSIS OF INTRA-INDUSTRY TRADE;114
10.2.1;5.1 The Hypotheses to be Tested;114
10.2.2;5.2 The Methodology Applied;115
10.2.3;5.3 Empirical Results for the Entire Country Group;117
10.2.4;5.4 Empirical Results for Individual Groups of Countries;123
10.2.5;5.5 Summary;130
10.2.6;Technical Appendix;132
10.3;Chapter 6. INTRA-INDUSTRY TRADE AMONG EXPORTERS OF MANUFACTURED GOODS;136
10.3.1;6,1 The Hypotheses to be Tested;136
10.3.2;6.2 The Methodology Applied;137
10.3.3;6.3 Empirical Results for the Entire Country Group;139
10.3.4;6.4 Empirical Results for Individual Groups of Countries;141
10.3.5;6.5 Summary;147
10.3.6;Technical Appendix;151
10.4;Chapter 7. INDUSTRY CHARACTERISTICS AND INTRA-INDUSTRY TRADE;154
10.4.1;7.1 The Hypotheses to be Tested;154
10.4.2;7.2 The Methodology Applied;156
10.4.3;7.3 Empirical Results for the United States;160
10.4.4;7.4 Empirical Results for the Other Major Industrial Countries;163
10.4.5;7.5 Summary;166
10.5;Chapter 8. INTRA-INDUSTRY SPECIALIZATIONIN A MULTI-COUNTRY AND MULTI-INDUSTRIAL MODEL;168
10.5.1;8.1 Introduction;168
10.5.2;8.2 The Methodology Applied;169
10.5.3;8.3 The Hypotheses to be Tested;171
10.5.4;8.4 The Empirical Results;175
10.5.5;8.5 Alternative Experiments;181
10.5.6;8.6 Summary;185
11;Part III: THE DETERMINANTS OF INTER-INDUSTRY AND INTRA-INDUSTRY TRADEIN MANUFACTURED GOODS;188
11.1;Chapter 9. INTER-INDUSTRY AND INTRA-INDUSTRY SPECIALIZATIONIN MANUFACTURED GOODS;190
11.1.1;9.1 Introduction;190
11.1.2;9.2 The Hypotheses to be Tested: Inter-Industry Trade;192
11.1.3;9.3 The Hypotheses to be Tested: Intra-Industry Trade;195
11.1.4;9.4 Gravitational Variables;198
11.1.5;9.5 The Methodology Applied;199
11.1.6;9.6 Empirical Results for the Entire Country Group;202
11.1.7;9.7 Empirical Results for Individual Groups of Countries;204
11.1.8;9.8 Summary;205
12;REFERENCES;208
13;INDEX;216