外文翻译--东亚产业内贸易测度与决定因素的研究（节选）

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1、 中文 3700 字 ， 2100 单词， 1.1 万英文字符 出处： Thorpe M, Zhang Z. Study of the Measurement and Determinants of Intra-industry Trade in East Asia *J. Asian Economic Journal, 2005, 19(2):231247. 英文 Study of the Measurement and Determinants of Intra-industry Trade in East Asia Michael Thorpe， Zhaoyang Zhang The p

2、resent paper investigates the development of intra-industry trade (IIT) among the East Asian economies over the 19701996 period. A dynamic index is used to capture the changes in the structure of trade flows. Based on this approach, IIT is decomposed into horizontal (HIIT) and vertical components (V

3、IIT) and the determinants of each are investigated. The results show that both HIIT and VIIT have exhibited increased importance over the sample period in manufacturing. Using pooled panel data the two-way trade in all measures of IIT is found to be positively related to the country-specific variabl

4、es, such as the market size, exhange rate depreciation, the levels of development and income, and negatively to the geographic proximity of the partners. Economies of scale are seen to have a positive influence on IIT and HIIT, but a negative relationship with VIIT. Al- though the relative openness

5、of a countrys trade regime shows no significant relationship with any form of IIT, a trade imbalance does affect IIT and HIIT flows. The findings have implications for assessing the structural adjustment costs associated with the trade liberalization process as HIIT is associated with demand for var

6、iety and relates to two-way trade in goods of similar quality, while VIIT is driven by international specialization and differences in relative factor endowments. Keywords: intra-industry trade, East Asia, Manufacturing. 1. Introduction The period of the 1970s to the mid-1990s was one of extraordinary growth in exports for a widening group of East Asian economies. Although this expansion of trade reflected a broad array of global partners, there was a significant rise in intra-regional