Structure of production, intraindustry trade and their relevance for the optimum currency areas theory
Bibliographic Data
| ID | 6108902 |
|---|---|
| Authors | Miroslav Kollár (National Australia Bank, corresponding author) |
| Year | 2007 |
| Volume | 55 |
| Issue | 5 |
| Pages | 603-624 |
| Publication date | 2007-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Politická ekonomie (JOURNAL) |
| Journal identifiers | ISSN: 0032-3233 • E-ISSN: 2336-8225 |
| Publisher | Prague University of Economics and Business (PUBLISHER • CZ) |
| DOI | 10.18267/j.polek.615 |
| OpenAlex | W2314784996 |
| Language | EN |
| Citations received | 1 |
| References cited | 22 |
This paper deals with the recent empirical phenomenon of intraindustry trade, i.e. trade in similar goods between similar countries. It treats this phenomenon from the point of view of the theory of structure of production, highlighting the importance of sequential nature of production and heterogeneity and specificity of factors of production, as developed by Carl Menger, Eugen von Boehm-Bawerk and their followers of the so-called Austrian school of economics. Simple theory of production structure, along the lines of Austrian economics, is presented and a useful tool for the analysis of intraindustry trade is developed. In the following discussion we make the case for vertical intraindustry specialization, complex manufactured goods and sliced-up production chains across countries. The reader immediately observes the importance of Austrian production structure theory for the analysis of intraindustry trade. We accordingly apply the concepts of the structure of production on intraindustry trade and analyze, in particular, the time- and place-aspects of international production. Finally, we show the relevance of our approach to intraindustry trade for the analysis of business cycle synchronization and Optimum currency areas theory
Currency · Economics · Industrial organization · Macroeconomics · Microeconomics · Neoclassical economics · Phenomenon · Production (economics) · Relevance (law) · Economic Theory and Policy · Global Financial Crisis and Policies · Global trade and economics
The nature and growth of vertical specialization in world trade
One money, one market
Growing World Trade
Non-neoclassical capital theory
Complementarity and Substitution in the Theory of Capital
Capital and Its Structure
Carl Menger and the Austrian School of Economics
Man, Economy, and State
Intra-Industry Trade
Integration of Trade and Disintegration of Production in the Global Economy
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,07 |
| Citation span | 2012 - 2012 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |