Does East Asian Integration Keep up with the European Pattern? Empirical Evidence from Intra-Industry Trade in Europe and East Asia. Volume 28, Number 2, pp. 133-165
Kang, Yoo-Duk | August 2011
Abstract
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 Asia, a regression analysis is used, which finds that conventional
determinants of IIT explain a large part of IIT in Europe, while they do not
for East Asian countries. In East Asia, IIT takes place between developed
countries in the region.
Citation
Kang, Yoo-Duk. 2011. Does East Asian Integration Keep up with the European Pattern? Empirical Evidence from Intra-Industry Trade in Europe and East Asia. Volume 28, Number 2, pp. 133-165. © Asian Development Bank. http://hdl.handle.net/11540/1650. License: CC BY 3.0 IGO.Citable URI
http://hdl.handle.net/11540/1650Metadata
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