An Account of Global Intraindustry Trade, 1962-2006

A comprehensive description of intra-industry trade patterns and trends, using data on more than 39 million bilateral trade flows is given. In 2006, 27 percent of global trade was intraindustry, if measured at the finest (5-digit) level of statistical aggregation, and 44 percent if measured at a coa...

Full description

Bibliographic Details
Main Author:	Brülhart, Marius
Language:	English
Published:	Washington, DC: World Bank 2012
Subjects:	World Development Report 2009
Online Access:	http://hdl.handle.net/10986/9045

id	okr-10986-9045
recordtype	oai_dc
spelling	okr-10986-90452021-04-23T14:02:44Z An Account of Global Intraindustry Trade, 1962-2006 Brülhart, Marius World Development Report 2009 A comprehensive description of intra-industry trade patterns and trends, using data on more than 39 million bilateral trade flows is given. In 2006, 27 percent of global trade was intraindustry, 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. 2012-06-26T15:35:11Z 2012-06-26T15:35:11Z 2009 http://hdl.handle.net/10986/9045 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Africa Europe and Central Asia Latin America & Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	World Development Report 2009
spellingShingle	World Development Report 2009 Brülhart, Marius An Account of Global Intraindustry Trade, 1962-2006
geographic_facet	Africa Europe and Central Asia Latin America & Caribbean
description	A comprehensive description of intra-industry trade patterns and trends, using data on more than 39 million bilateral trade flows is given. In 2006, 27 percent of global trade was intraindustry, 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.
author	Brülhart, Marius
author_facet	Brülhart, Marius
author_sort	Brülhart, Marius
title	An Account of Global Intraindustry Trade, 1962-2006
title_short	An Account of Global Intraindustry Trade, 1962-2006
title_full	An Account of Global Intraindustry Trade, 1962-2006
title_fullStr	An Account of Global Intraindustry Trade, 1962-2006
title_full_unstemmed	An Account of Global Intraindustry Trade, 1962-2006
title_sort	account of global intraindustry trade, 1962-2006
publisher	Washington, DC: World Bank
publishDate	2012
url	http://hdl.handle.net/10986/9045
_version_	1764408254176165888

An Account of Global Intraindustry Trade, 1962-2006

Similar Items