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Economic Integration and Intra‐Industry Trade: The EEC and CMEA Compared
Author(s) -
Drabek Zdenek,
Greenaway David
Publication year - 1984
Publication title -
kyklos
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.766
H-Index - 58
eISSN - 1467-6435
pISSN - 0023-5962
DOI - 10.1111/j.1467-6435.1984.tb00711.x
Subject(s) - intra industry trade , economic integration , economics , international trade , international economics , regional trade , trade barrier , free trade
SUMMARY This paper examines the causal links between intra‐industry trade and economic integration, and considers whether these can be expected to differ systematically between customs unions involving developed market economies and those involving centrally planned economies. Intra‐industry trade is measured for members of the E. E. C. and compared with indices for various members of CMEA (as well as several non‐E. E. C. European countries). It is found that average levels of intra‐industry trade are indeed higher for E. E. C. countries and various explantations for this finding are discussed.