Year: 2020
Type: article
Abstract: This paper investigates trends and determinants in intra-industry trade in Croatia.Intra-industry trade refers to a two-way trade of differentiated products.The level of intra-industry trade between Croatia and EU, CEE, and countries worldwide is calculated using the Grubel-Lloyd index under HS-2 and HS-4 product groups.Dynamic changes in intra-industry trade are shown by calculating marginal intra-industry trade indices.In addition to this, bilateral weighted adjusted intra-industry trade indices for Croatia and 24 most important trading partner countries are calculated in the period from 2001 to 2017.A panel-econometric analysis investigates the determinants of intra-industry trade in Croatia using a random effects model due to time-invariant characteristics of some determinants.The results of the analysis show that gross domestic product, common border,
Source: Croatian Economic Survey
DOI: 10.15179/ces.22.1.1
Authors: Hrvoje Jošić, Berislav Žmuk
Institutions: University of Zagreb, Ekonomski fakultet - Zagreb
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W3034437488