Country-Specific Determinants of Horizontal and Vertical Intra-Industry Trade in Portugal
نویسندگان
چکیده
This study examines the features and determinants of Portuguese intra-industry trade (IIT) during the period 1995-2003. We separate horizontal IIT from vertical III using data at the five-digit level. Based on Falvey and Kierzkowski (1987) and Flam and Helpman (1987) theoretical models and on Greenaway, Hine and Milner(1994), Hummels and Levinshon (1995) empirical studies, we use a static and dynamic panel data approach to test the country-specific characteristics. We include income variables together with supply-side variables in order to test the demand similarity and factor endowments difference hypotheses .The results suggest that the Linder hypothesis is confirmed and that differences in income levels has a positive ( negative) effect on vertical IIT (IIT and horizontal IIT). To estimate the dynamic models, we apply the methodology of Blundell and Bond [1998, 2000] using the GMM system estimator.
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تاریخ انتشار 2006