An increasingly important component of total world trade is intra-industry trade (IIT). The large volume of literature on IIT is reflective of this importance. However, this extensive literature has focused almost completely on explaining the causes of IIT. This focus has left a puzzling gap in...

This paper constructs a trade-weighted regional exchange rate index for the Southern states and compares it to a similar index comprising the rest of the United States. Results indicate there are nontrivial differences between them. The two indexes are not cointegrated, and the index comprising...

Previous research on the estimation of income and price elasticities of U.S. import demand has indicated that these elasticities may have changed over time. To examine this issue, alternative specifications of the U.S. imporr demand function for the total time series and the fixed and flexible...

Special treatment for import sensitive products is a feature of all U.S. free trade agreements (FTAs). This paper conducts an empirica1 investigation of the determination of tariff-cut staging categories that emerged from negotiations to establish the North American Free Trade Agreement. Staging...

This paper provides estimates of the sensitivity of Canadian import demand to changes in income, prices, and exchange rates. The model specification allows for the consideration of long-run elasticities as well as the dynamics of short-run adjustment of imports to changes in these variables. The...

Intra-industry trade (IIT) has gained in importance across Asia as a result of the rapid growth of Asian economies and their key role in the international fragmentation of production. This paper examines the level of IIT for 22 countries in East, Southeast, South, and Central Asia in 2003. IIT...