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Hence, as intra-industry trade has developed many economists have looked at other explanations. One attempt to explain IIT was made by Finger (1975), who thought that occurrence of intra-industry trade was “unremarkable” as existing classifications place goods of heterogeneous factor endowments in a single industry.
New Trade Theory analyses individual enterprises and plants in an international competitive situation. The classical trade theory—i.e., the Heckscher–Ohlin model—has no enterprises in mind. The new trade theory treats enterprises in an industry as identical entities. "New" New Trade Theory (NNTT) gives focus on the diversity of enterprises.
New trade theory (NTT) is a ... The resulting intra-industry reallocations of market shares and productive resources are much more pronounced than inter-industry ...
Intra-industry trade: the theory and measurement of international trade in differentiated products. New York: Wiley. ISBN ...
Marginal Intra-Industry Trade, a concept originating in international economics, refers to the degree to which the change in a country's exports over a certain period of time are essentially of the same products as its change in imports over the same period.
Pages in category "International trade theory" ... Marginal intra-industry trade; Marginal propensity to import; Market segmentation index; Marshall–Lerner condition;
International trade theory is a sub-field of economics which analyzes the patterns of international trade, its origins, and its welfare implications. International trade policy has been highly controversial since the 18th century. International trade theory and economics itself have developed as means to evaluate the effects of trade policies.
Trade involves the transfer of goods and services from one person or entity to another, ... New trade theory; Economic geography; Intra-industry trade; Gravity model ...