This paper examines the development in the intra-industry trade pattern in two small open economies within the period 1961-1987. We compute Grubel-Lloyd indices and examine both the time pattern, the country pattern, and the product pattern. For both countries the level of intraindustry trade has grown rapidly and product differentiation has increased. However, this process occurred later in Ir...

International trade specialisation reflects differences in relative factor productivity and endowments, economies of scale or specific advantages of firms and it can have a significant impact on economic growth. We focus in this paper on trade specialisation dynamics in two Eastern European countries (Romania and Bulgaria – EEC-2) vis-à-vis the EU member states (EU-25). Specifically, we are int...

This paper looks at the issue of labour market adjustment in the context of expanded international trade of NAFTA economies both within the region and more generally. The study focuses on the period 1990-1998, a time-frame which covers several years prior to and after the formation of NAFTA. Trade flows of the member countries are analysed using measures of static intra-industry trade (IIT) and...