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...

Endowment based economic models with constant returns to scale and perfect competition have been a primary theoretical basis for analyzing political preferences of domestic actors. However, it is well known that such class of model is inadequate in explaining the large volume of intra-industry trade. How do we understand distributive consequences of trade policy of industrialized countries espe...

â â â  â  â  abstract â  this paper aims to identify key challenges facing iran and south korea in their bilateral trade and investment relations. in particular, it is concerned with the policy implications which can be useful for policy makers and business people of both countries. for this purpose, we review and analyze the recent developments of the iranian economy and bilateral trade and in...