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ASYMMETRIC PATTERN OF INTRA-INDUSTRY TRADE BETWEEN THE UNITED STATES AND CANADA AgEcon
Kim, MinKyoung; Cho, Guedae; Koo, Won W..
This study proposes alternative rationales to explain an asymmetric intra-industry trade pattern between the United States and Canada after the free trade agreement became effective. Using time-series data, a gravity equation is developed which enables us to examine the impacts of relative market size, exchange rates, and transportation costs on bilateral trade. It is found that these three effects have to be taken together in order to explain the asymmetric intra-industry trade pattern. Exchange rate impacts on bilateral trade are found to the most significant, indicating that U.S. dollar appreciation causes a more asymmetric trade pattern for agricultural goods than for large-scale manufacturing goods.
Tipo: Working or Discussion Paper Palavras-chave: Border effects; Exchange rates; Gravity equation; Intra-industry trade; National product differentiation model; Product differentiation model; International Relations/Trade.
Ano: 2003 URL: http://purl.umn.edu/23625
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Legal Framework as a Trade Barrier - Evidence from Transition Countries: Hungarian, Romanian and Slovene Examples AgEcon
de Sousa, Jose; Disdier, Anne-Celia.
Using the border effect approach, our paper examines the influence of the legal framework quality of the Central and Eastern European countries on international trade. This approach offers an evaluation of the borders' impact on trade. A market is fragmented when actual trade differs from the trade that would be expected in an economy without border-related barriers. Recent findings have emphasized informal trade barriers as obstacles to trade flows (Anderson and Marcouiller, 2002; Anderson and Young, 2000; Rauch, 2001). We introduce different measures of the legal framework quality, which appears as a significant informal trade barrier. Actually, in case of conflict between two trade partners, it proves to be difficult for a given partner to get damages....
Tipo: Working or Discussion Paper Palavras-chave: Legal framework; Border effects; Central and eastern European countries; International Relations/Trade; F12; F15; P20.
Ano: 2002 URL: http://purl.umn.edu/26300
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