IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-28598-9_1.html
   My bibliography  Save this book chapter

Introduction

In: Frontiers of Research in Intra-Industry Trade

Author

Listed:
  • P. J. Lloyd
  • Hyun-Hoon Lee

Abstract

When intra-industry trade was first observed in the 1960s by Verdoorn (1960), Balassa (1963, 1966) and Grubel (1967), it was a new and exciting way of examining patterns of goods trade. These authors made the revolutionary observation that there was specialization within industries and two-way international trade in the multiple outputs of industries. Grubel and Lloyd (1975) developed the most widely used index for the measurement of intra-industry trade. Using this measure, they found that the unweighted mean share of intra-industry trade in the total goods trade of ten major OECD countries in 1967 was 50 per cent. Grubel and Lloyd and others attempted to develop a theoretical basis for the existence of intra-industry trade in both homogeneous and differentiated products. However, the underlying concept of an industry was rarely examined, and theorizing was, in the main, partial equilibrium analysis.

Suggested Citation

  • P. J. Lloyd & Hyun-Hoon Lee, 2002. "Introduction," Palgrave Macmillan Books, in: P. J. Lloyd & Hyun-Hoon Lee (ed.), Frontiers of Research in Intra-Industry Trade, chapter 1, pages 1-9, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28598-9_1
    DOI: 10.1057/9780230285989_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-28598-9_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.