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Intra-Industry Trade of Arab Countries: An Indicator of Potential Competitiveness
Author:
Mr. Peter J Kunzel
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Mr. Oleh Havrylyshyn
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Series:
IMF Working Papers
Volume/Issue:
Volume 1997: Issue 047
Language:
English
Publication Date:
01 Apr 1997
DOI:
https://doi.org/10.5089/9781451973167.001
ISBN:
9781451973167
ISSN:
1018-5941
Pages:
26
Keywords:
WP; IIT level; IIT index; IIT determinant; industry trade; IIT indices; IIT regression; Exports; Trade liberalization; Manufacturing; Trade balance; Personal income; Global; Western Hemisphere
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Recent and ongoing agreements to liberalize trade between the European Union (EU) and Arab countries raises the question as to how the latter will fare in a more competitive environment. This paper uses the Grubel-Lloyd intra-industry trade (IIT) index as an indicator of the degree of industrial specialization to study Arab countries’ ability to compete in a more open trade setting. It concludes that whereas increased specialization has been achieved over the last decade in Arab countries, IIT remains low not only in absolute terms, but even in a cross-country comparison, when normalized for the level of development.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund