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Marginal intra-industry trade, trade-induced adjustment costs and the choice of FTA partners

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Published by Korea Institute for International Economic Policy in Seoul .
Written in English

Subjects:

  • Intra-industry trade.,
  • Korea -- Commerce.

Book details:

Edition Notes

StatementChan-Hyun Sohn and Hyun-Hoon Lee.
SeriesKIEP working paper -- 04-11
ContributionsYi, Hyon-hun, 1959-, Taeoe Kyongje Chongchaek Yonguwon (Korea)
The Physical Object
Pagination43 p.
Number of Pages43
ID Numbers
Open LibraryOL16328119M
ISBN 108932241643

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Abstract. Probably the greatest source of interest in intra-industry trade (IIT) has been its link with factor-market adjustment. Policy-oriented economists readily grasped the opportunity of an index which was simple to calculate and presumed to indicate relatively frictionless adjustment to trade by: The paradigm of intra-industry trade and labor costs adjustment begins with Balassa (). Some authors as Greenaway and Milner () show that adjustment costs in labor market cause temporary inefficiencies, due to unemployment and factor price rigidity. Brülhart and Elliot () argue that the mobility of labor could be greater within. Different formation of trade, such as intra-industry trade (IIT, the export and import of similar goods) may, however, entail smaller labor-market adjustment costs than inter-industry trade. South Korea's Marginal Intra-Industry Trade and the Choice of Preferential Partners. ing desirable FTA partners are needed. focusing speciªcally on trade-induced adjustment costs, which.

marginal intra-industry trade (MIIT) to be used in studies of the smooth adjustment hypothesis. This paper seeks to understand the extent and the nature of South Korea’s IIT and MIIT, and predict the relative degree of adjustment costs that South Korea would face as it opens up to different trading . Recent developments in intra industry trade (IIT) literature center on the relationships between IIT and adjustment costs which vary with changes in trade pattern. This study investigates the marginal intra industry trade (MIIT) between Turkey and Israel at the SITC 3 digit level, over the period of and It also tries to reveal the. according to which intra-industry trade (IIT) expansion generally entails lower adjustment costs than inter-industry trade. In time, the early conjectures on the shape of emerging trade patterns were confirmed by a number of high-profile studies such as those of Grubel and Lloyd (), Greenaway and. This brief examines possible policy responses to the adjustment costs related to international trade. It argues that, contrary to the conclusions drawn from frictionless neoclassical models, the costs of adjusting to trade are large and persistent and may be a cause of the increase in the political resistance to trade. The existing mechanisms specifically designed to mitigate.

Marginal Intra-industry Trade, Trade-induced Adjustment Costs and the Choice of FTA Partners as an input to policy reform scenarios within the WTO trade negotiations’’ (ix). The book is. with a higher marginal cost, a firm with a lower marginal cost will: (1) set a lower price, but at a higher markup over marginal cost; (2) produce more output; and (3) earn higher Intra-industry trade is most common in the trade patterns of. the industrial countries of Western Europe. Marginal Intra-industry Trade, Trade-induced Adjustment Costs and the Choice of FTA Partners. the relative degree of adjustment costs when Korea would have an FTS with different trading. Imre Ferto & Károly Attila Soos, "Marginal Intra-Industry Trade and Adjustment Costs - A Hungarian-Polish Comparison," IEHAS Discussion Papers , Institute of Economics, Centre for Economic and Regional Studies. Fertő, Imre & Hubbard, Lionel J., "A mezőgazdasági termékek ágazaton belüli kereskedelme. Magyarország és az.