This paper tests industry-specific hypotheses of the determinants of intraindustry trade in the context of Australia-U.K. trade. In doing so, it separates intraindustry trade (IIT) into IIT in horizontally differentiated products and IIT in vertically differentiated products. It finds that the...

The distinction between nominal and effective tariffs (or protection) is well established in the theoretical literature, albeit in the context of the traditional analysis of inter‐industry trade flows. This analysis is based upon assumptions such as product and production homogeneity,...

The rising importance of China and its impact on the world economy has attracted massive interest worldwide. This book examines a wide range of issues related to China and its relationship with the world economy, focusing on its successful development experiences and how its rise may affect the...

International trade is the core foundation of globalisation. This current and up-to-date volume brings together the finest academics working in the field today, containing contributions in key areas of policy research, such as, modelling frameworks, trade policy, trade and migration, trade and...