This paper provides an empirical analysis of the determinants of intraindustry trade. The authors demonstrat that two-way trade flows occur where conditions are favorable to international specialization consistent with the Stigler-Williamson analysis of the division of labor. The results are...

This paper provides empirical evidence on the relative impact of the generalized system of preferences, adopted in 1975, and the Caribbean Basin Initiative, adopted in 1983, on the pattern of U.S. imports of manufactured goods from the target areas at the four-digit level in 1984. Imports from...