Intra-Industry Trade of Arab Countries: An Indicator of Potential Competitiveness

April 1, 1997

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Format: Chicago

Peter J Kunzel, and Oleh Havrylyshyn. Intra-Industry Trade of Arab Countries: An Indicator of Potential Competitiveness, (USA: International Monetary Fund, 1997) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Recent and ongoing agreements to liberalize trade between the European Union (EU) and Arab countries raises the question as to how the latter will fare in a more competitive environment. This paper uses the Grubel-Lloyd intra-industry trade (IIT) index as an indicator of the degree of industrial specialization to study Arab countries’ ability to compete in a more open trade setting. It concludes that whereas increased specialization has been achieved over the last decade in Arab countries, IIT remains low not only in absolute terms, but even in a cross-country comparison, when normalized for the level of development.

Subject: Economic sectors, Exports, International trade, Manufacturing, National accounts, Personal income, Trade balance, Trade liberalization

Keywords: Exports, Global, IIT determinant, IIT index, IIT indices, IIT level, IIT regression, Industry trade, Manufacturing, Personal income, Trade balance, Trade liberalization, Western Hemisphere, WP

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1997/047
Stock No:

WPIEA0471997
ISBN:

9781451973167
ISSN:

1018-5941

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