Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108035
Authors: 
Ferto, Imre
Hubbard, Lionel J.
Year of Publication: 
2002
Series/Report no.: 
IEHAS Discussion Papers MT-DP - 2002/2
Abstract: 
Intra-industry trade in agri-food products between Hungary and the EU is shown to be low and dominated by vertically rather than horizontally differentiated products, suggesting higher economic adjustment costs. Following recent empirical studies, we then test econometrically for the determinants of this trade using different measures of horizontal and vertical trade, and employing an array of popular explanatory variables. Results suggest that separating the measure of intra-industry trade into vertical and horizontal provides for better estimation and supports the contention that the determinants may differ by type of trade. In the regression analysis, the level of intra-industry trade is found to serve as a better dependent variable than the degree or share of intra-industry trade.
Document Type: 
Working Paper

Files in This Item:
File
Size
210.4 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.