Economic Integration and the Evolution of Trade: A Geometric Interpretation of Trade Measures |
Abdul K.M. Azhar, Robert J.R. Elliott |
Universiti Putra Malaysia University of Manchester |
Copyright ©2004 The Journal of Economic Integration |
ABSTRACT |
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The increase in global trade and the ongoing erosion of trade barriers makes the analysis of trade patterns one of the key areas in international economics. Much of the post-war expansion of trade took the form of intra-industry trade (IIT). This paper presents a simple geometric tool to analyse trade patterns specifically inter and intra-industry trade and the compatibility between levels and measures of IIT. The applicability our methodology is demonstrated using the UKs trade experience during the critical period of EU integration 1988-1997. JEL Classification: F19 |
Keywords:
globalisation | international trade | intra-industry trade
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REFERENCE |
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Brülhart, M. and Hine, R.C. (1999) Intra industry Trade and Industrial Adjustment: The European Experience. London. Macmillan |
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2. |
Greenaway, D. and Milner, C.R. (1986), The Economics of Intra-Industry Trade. Basil Blackwell. Oxford. |
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