GMM Estimator: An Application to Intraindustry Trade

GMM Estimator: An Application to Intraindustry Trade

This paper investigates the determinants of intraindustry trade IIT , horizontal IIT HIIT , and Vertical IIT VIIT in the automobile industry in Portugal. The trade in this sector between Portugal and the European Union EU-27 was examined, between 1995 and 2008, using a dynamic panel data. We apply the GMM system to solve the problems of serial correlation and the endogeneity of some explanatory...

Dynamics of Intraindustry Trade and Labor-Market Adjustment

This paper investigates some dynamic aspects of the “smooth adjustment hypothesis” that is commonly associated with intraindustry trade (IIT). The analysis is conducted on a panel of plant-level employment data and industry-level production and trade data for Ireland. Rates of intraindustry job turnover are used as a proxy for labor-market adjustment. Three findings stand out. First, a measure ...

INTRAINDUSTRY TRADE AND INNOVATION: An empirical study on the Colombian manufacturing industry* By

This paper analyzes the theoretical and empirical relationship between intraindustry trade flows (IIT) in manufactures and technical change for the Colombian manufacturing industry during 1970-1995 period. A general estimating equation for sources of change of the equilibrium number of varieties, in which TFP growth is one of its components, is derived from the basic model of trade in different...

Gravity Model: An Application to Trade between Iran and Regional Blocs

An efficient motion estimator with application to medical image registration

Image registration is a very important problem in computer vision and medical image processing. Numerous algorithms for registering single and multi-modal image data have been reported in these areas. Robustness as well as computational efficiency are prime factors of importance in image data registration. In this paper, a robust/reliable and efficient algorithm for estimating the transformatio...