Exchange Rates and Trade Balances: Effects of Intra-Industry Trade and Vertical Specialization
نویسندگان
چکیده
To examine how changes in relative national prices affect trade flows, this study estimates the impact of industry-specific effective real exchange rates on industry-level balances, exports, and imports. We analyze variations intra-industry vertical specialization, which may both govern long-run relationship between flows. employ sample information from 13 manufacturing industries across five Asian countries 2001 to 2015. Rather than country-level aggregate measures, we use disaggregated rates, provide better measures help uncover different responses that are masked by data. Fixed-effect estimations reveal greater price competitiveness, as measured depreciation increases balances. find elasticity balances with respect declines specialization increases. There is also some limited evidence Taken together, our findings suggest global supply chains more important examining response rate changes. Importantly, these heterogeneous impacts imply policies regarding management be potency will ways.
منابع مشابه
Vertical Specialization and Intra-industry Trade: the Role of Factor Endowments
In this paper, we rely on vertical differentiation models (Falvey-Kierzkowski type) to study the effects of differences in factor endowments on vertical intra-industry specialization. These effects can vary depending on the relative position of each country in terms of both its specialization in high or low qualities and its technological (dis)advantage. We focus on the Spanish intra-industry t...
متن کاملThe Role of Preferential Trade Agreement (PTA) between Iran and Malaysia their Intra industry Trade (IIT)
متن کامل
Vertical intra-industry trade between EU and Accession Countries
The paper analyses vertical intra-industry trade between EU and Accession countries, and concentrates on two country-specific determinants: Differences in personal income distribution and in technology. Both determinants have a strong link to national policies and to cross-border investment flows. In contrast to most other studies, income distribution is not seen as time-invariant variable, but...
متن کاملThe Nexus between Economic Growth and Intra-Industry Trade
According to traditional trade theories, foreign trade affects economic growth via several channels such as knowledge and technology spillover, improvement of resources allocation, increasing productivity and competitiveness. Within the framework of new trade theories, the effect of foreign trade on economic growth is ambiguous, and this effect depends on the combination of the different effect...
متن کاملDeterminants of Iran’s bilateral intra-industry trade in pharmaceutical industry
Among non-oil exports and in trade arena, drug has always been strategic importance and most government especially industrialized countries pay special attention to its production and trade issues. Thus, having a comprehensive view from economic perspective to this section is essential for suggesting intervention. This was a descriptive-analytical and panel study. In this study, gravity model i...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Open Economies Review
سال: 2021
ISSN: ['1573-708X', '0923-7992']
DOI: https://doi.org/10.1007/s11079-020-09612-4