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Vertical intraindustry trade |
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Vertical intraindustry tradeIntraindustry trade in which the exports and imports are at the different stages of processing. Contrasts with horizontal IIT.Similar MatchesHorizontal intraindustry tradeHorizontal intraindustry tradeIntraindustry trade in which the exports and imports are at the same stage of processing. Likely due to product differentiation. Contrasts with vertical IIT. Intraindustry tradeIntraindustry tradeTrade in which a country exports and imports in the same industry, in contrast to interindustry trade. Ubiquitous in the data, much IIT is due to aggregation. Can be horizontal or vertical. Grubel and Lloyd (1975) wrote the book on IIT. |
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