Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.15/474
Título: Intra-industry trade:a static and dynamic panel
Autor: Faustino, Horácio C.
Leitão, Nuno Carlos
Palavras-chave: Intra-industry trade
Horizontal intra-industry trade
Vertical intra-industry trade
Comparative advantage
Dynamic panel data
GMM-SYS Estimator
GMM-DIF Estimator
Data: 2007
Editora: Springer
Citação: FAUSTINO, Horácio C. ; LEITÃO, Nuno Carlos - Intra-industry trade : a static and dynamic panel. International Advances in Economic Research. ISSN 1083-0898. 13:3 (2007) 313-333. DOI 10.1007/s11294-007-9097-8
Resumo: This study examines the features and determinants of intra-industry trade (IIT), horizontal IIT (HIIT) and vertical IIT (VIIT) between Portugal and the European Union in the period 1996–2002, using a static and a dynamic panel data analysis. The findings indicate that Portuguese VIIT increased significantly during the period in accordance with the values expected for a developed country. The regression results show that there is evidence supporting the explanation of VIIT by Heckscher–Ohlin’s (HO) theory and that Portugal has comparative advantages in low-quality differentiated products. The findings support the theory that, in general, there is no positive statistical association between HIIT and HO variables. The central theme of this paper is to show that it may be preferable to use the GMM approach in empirical studies of IIT rather than pooled OLS, fixed effects or random effects estimators. The results also suggest that the GMM system estimator obtains more reasonable parameter estimates than the first-differenced GMM estimator.
Peer review: yes
URI: http://hdl.handle.net/10400.15/474
ISSN: 1083-0898
Versão do Editor: http://www.springerlink.com/content/0130hu4812105254/
Aparece nas colecções:Artigos em revistas internacionais_ESGTS

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