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Patterns of Trade and Foreign Direct Investment in European Manufacturing: "Convergence" or "Polarization"?

Author

Listed:
  • Paolo GUERRIERI

    ([n.a.])

  • Stefano MANZOCCHI

    ([n.a.])

Abstract

The issue of "structural convergence", defined as convergence in national patterns of trade specialization across countries that are quite similar in terms of economic size, per capita income, broad tecnological levels, factor endowments, is addressed in this paper with a focus on five large manufacturing sectors. We find that there is no evidence of a general trend towards convergence in trade specialization across the four largest European economies; moreover, the data point out that the role of foreign direct investment as an engine of "convergence" cannot be taken for granted. We also argue that an analysis of the sectoral features of production and investment is required in order to improve our understanding of international trade patterns.

Suggested Citation

  • Paolo GUERRIERI & Stefano MANZOCCHI, 1996. "Patterns of Trade and Foreign Direct Investment in European Manufacturing: "Convergence" or "Polarization"?," Working Papers 70, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    • Handle: RePEc:anc:wpaper:70
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    File URL: http://docs.dises.univpm.it/web/quaderni/pdf/070.pdf
    File Function: First version, 1996
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    Cited by:

    1. Simona Iammarino & Grazia D. Santangelo, 2001. "The Evolution of Trade and Technological in the Italian regions," ERSA conference papers ersa01p243, European Regional Science Association.

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