Does East Asian Integration Keep Up with the European Pattern? Empirical Evidence from Intra-Industry Trade in Europe and East Asia
Kang, Yoo-Duk, Asian Development Review
This paper examines development of inter/intra-industry trade in Europe and East Asia. In order to quantify the level of intra-industry trade (IIT), a biascorrected Grubel and Lloyd index is used. The finding is that IIT is more evident in intra-European trade than in intra-East Asian trade, while dynamics toward IIT have been increasingly more important in trade between East Asian economies. Vertical intra-industry trade and horizontal intra-industry trade are compared, and their share in intraregional trade in both regions is measured. The paper finds that IIT in East Asia is characterized by vertical intra-industry trade. In order to identify determinants of IIT in Europe and East …
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Publication information: Article title: Does East Asian Integration Keep Up with the European Pattern? Empirical Evidence from Intra-Industry Trade in Europe and East Asia. Contributors: Kang, Yoo-Duk - Author. Journal title: Asian Development Review. Volume: 28. Issue: 2 Publication date: July 1, 2011. Page number: 133+. © Asian Development Bank 2008. Provided by ProQuest LLC. All Rights Reserved.
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