{"id":429,"date":"2002-02-02T10:09:52","date_gmt":"2002-02-02T09:09:52","guid":{"rendered":"http:\/\/people.unil.ch\/mariusbrulhart\/?p=429"},"modified":"2023-02-02T14:28:33","modified_gmt":"2023-02-02T13:28:33","slug":"marginal-intra-industry-trade-towards-a-measure-of-non-disruptive-trade-expansion","status":"publish","type":"post","link":"https:\/\/people.unil.ch\/mariusbrulhart\/2002\/02\/marginal-intra-industry-trade-towards-a-measure-of-non-disruptive-trade-expansion\/","title":{"rendered":"Marginal Intra-Industry Trade: Towards a Measure of Non-Disruptive Trade Expansion"},"content":{"rendered":"\n<p>in Peter J. Lloyd and Hyun-Hoon Lee (eds.)\u00a0<em>Frontiers of Research on Intra-Industry Trade,\u00a0<\/em>Palgrave Macmillan,\u00a02002. <a href=\"https:\/\/people.unil.ch\/mariusbrulhart\/files\/2023\/02\/gll27.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">See paper<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When Verdoorn (1960) found that the formation of a customs union among the Benelux countries had stimulated large two-way trade flows of similar products, and Dr\u00e8ze (1961) discovered the same phenomenon in the fledgling six-nation EEC, economists took note because of one main reason: adjustment costs. Instead of inter-sectoral specialisation according to countries\u2019 comparative advantage, the national economies seemed to preserve their broad industrial structures and to specialise predominantly at the intra-sectoral level. A \u201csmooth adjustment hypothesis\u201d (SAH) soon became firmly rooted in economic thinking, according to which intra-industry trade (IIT) expansion generally entails lower adjustment costs than inter-industry trade.<\/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":[8],"tags":[],"class_list":{"0":"post-429","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-books"},"_links":{"self":[{"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/posts\/429","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=429"}],"version-history":[{"count":0,"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/posts\/429\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/media?parent=429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/categories?post=429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.unil.ch\/mariusbrulhart\/wp-json\/wp\/v2\/tags?post=429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}