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Identifier to cite or link to this item: https://hdl.handle.net/10086/13859

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Title
Vertical Intra-Industry Trade and Foreign Direct Investment in East Asia
Creator
Creator Name
Fukao, Kyoji Fukao, Kyoji
深尾, 京司 深尾, 京司
フカオ, キョウジ フカオ, キョウジ
Affiliation
Affiliation Name
ADBI
Affiliation
Affiliation Name
RIETI
Creator Name
Ishido, Hikari Ishido, Hikari
石戸, 光 石戸, 光
イシド, ヒカリ イシド, ヒカリ
Affiliation
Affiliation Name
Institute of Developing Economies
Creator Name
Ito, Keiko Ito, Keiko
伊藤, 恵子 伊藤, 恵子
Affiliation
Affiliation Name
International Centre for the Study of East Asian Development
Editor
Contributor Name
Institute of Economic Research, Hitotsubashi University
Key Word
Vertical Intra-Industry Trade
Vertical Foreign Direct Investment
East Asia
European Union
JEL
F14
F23
Abstract
As economic integration in East Asia progresses, trade patterns within the region are displaying an ever-greater complexity: Though inter-industry trade still accounts for the majority, its share in overall trade is declining. Instead, intra-industry trade (IIT), which can be further divided into horizontal IIT (HIIT) and vertical IIT (VIIT), is growing in importance. In this paper, we set out to measure and examine vertical intra-industry trade patterns in the East Asian region and compare these with the results of previous studies focusing on the EU, to which such analyses so far have been confined. Based on the supposition that VIIT is closely related to offshore production by multinational enterprises, we then develop a model to capture the main determinants of VIIT that explicitly includes the role of FDI. The model is tested empirically using data from the electrical machinery industry. The findings support our hypothesis, showing that FDI plays a significant role in the rapid increase in VIIT in East Asia seen in recent years.
Description
Revised Version, January 2003
Bibliography: p. 31-33
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2003-01
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion paper series. A ; No. a434
NCID
AA11476336
Number of Pages
57
Appears in Collections
Discussion paper series / Institute of Economic Research, Hitotsubashi University
URL
https://hdl.handle.net/10086/13859