{"id":338,"date":"2009-01-01T09:06:51","date_gmt":"2009-01-01T08:06:51","guid":{"rendered":"http:\/\/people.unil.ch\/mariusbrulhart\/?p=338"},"modified":"2023-02-01T15:10:11","modified_gmt":"2023-02-01T14:10:11","slug":"an-account-of-global-intra%e2%80%90industry-trade-1962-2006","status":"publish","type":"post","link":"https:\/\/people.unil.ch\/mariusbrulhart\/2009\/01\/an-account-of-global-intra%e2%80%90industry-trade-1962-2006\/","title":{"rendered":"An Account of Global Intra\u2010Industry Trade, 1962\u20132006"},"content":{"rendered":"\n<p><em>The World Economy,\u00a0<\/em>32(3):\u00a0401-459,\u00a02009. <a href=\"https:\/\/people.unil.ch\/mariusbrulhart\/files\/2023\/02\/we93.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">See publication<\/a> \/ <a rel=\"noreferrer noopener\" href=\"https:\/\/www.nottingham.ac.uk\/gep\/documents\/papers\/2008\/08-08.pdf\" target=\"_blank\">Working paper version with colour graphs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This paper provides a comprehensive description of intra-industry trade patterns and trends, using data on more than 39 million bilateral trade flows. In 2006, 27 percent of global trade was intra-industry if measured at the finest (5-digit) level of statistical aggregation, and 44 percent if measured at a coarser (3-digit) level of statistical aggregation. The observed steady growth in global intra-industry trade since the early 1960s suggests a process of world-wide structural convergence: economies are becoming more similar over time in terms of their sectoral compositions. In particular since the 1990s, this trend appears to be driven to a significant extent by the international fragmentation of vertical production chains. Intra-industry trade is a high-income and middle-income country phenomenon: African trade remains overwhelmingly of the inter-industry type. Moreover, the observed increase in intra-industry trade was not accompanied by a comparable increase in marginal intra-industry trade, suggesting that trade-induced adjustment pressures remain potentially important.<\/p>\n","protected":false},"author":1001107,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-peer-reviewed"},"_links":{"self":[{"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/posts\/338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/users\/1001107"}],"replies":[{"embeddable":true,"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/comments?post=338"}],"version-history":[{"count":0,"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/posts\/338\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/media?parent=338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/categories?post=338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/tags?post=338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}