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Title: |
Intra-industry Trade: The Australian
Experience |
| Author: |
Ratnayake,
Ravindra; Athukorala, Premachandra |
| Author
Affiliation: |
U Auckland; La
Trobe U |
| Source: |
International Economic Journal, Winter 1992, v. 6, no. 4, pp. 47-62 |
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Publication Date: |
Winter 1992 |
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Abstract: |
This paper presents an empirical analysis
of intra-industry trade (IIT) in Australia's foreign trade. It is found
that with regard to the extent and the incidence of IIT across
industries Australia is a clear outlier among the developed countries.
The long-standing protectionist trade policy stance and high transport
costs appear to exert significant negative influence on the extent of
IIT. The degree of IIT seems to be positively influenced by overseas
investment, product differentiation and close economic links New
Zealand. In contrast to the findings for other developed countries,
industry concentration and economies of scale do not appear to be
significant explicators of ITT in Australia. |
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