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Grubel-Lloyd index |
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Grubel-Lloyd indexThe measure of the intra-industry trade suggested by Grubel and Lloyd (1975). For an industry i with exports Xi and imports Mi the index is I = [(Xi+Mi) - |Xi- Mi|]100/(Xi+Mi). This is the fraction of total trade in the industry, Xi+Mi, that is accounted for by IIT (times 100). |
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