Intra-industry trade in horizontally and vertically differentiated agri-food products between Hungary and the EU

I. Fertő

doi:10.1556/aoecon.57.2007.2.3

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Acta Oeconomica

Volume/Issue:: Volume 57: Issue 2

Intra-industry trade in horizontally and vertically differentiated agri-food products between Hungary and the EU

Author:

I. Fertő

I. Fertő Institute of Economics of the Hungarian Academy of Sciences Budaörsi út 45 H-1112 Budapest Hungary

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Pages:: 191–208

Online Publication Date:: 07 Jun 2007

Publication Date:: 01 Jun 2007

Article Category:: Journal Article

DOI:: https://doi.org/10.1556/aoecon.57.2007.2.3

Keywords:: intra-industry trade; product differentiation; Hungary; EU; F12; Q17

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Horizontal and vertical intra-industry trade (IIT) in agri-food products between Hungary and the EU is investigated. Intra-industry trade is separated into horizontal and vertical components on the basis of differences in unit values. Three different approaches to measuring IIT are employed and tested using standard regression models. Results show that horizontal IIT in agri-food products is low, but vertical type trade is more prevalent, though still less important than inter-industry trade. The results lend support to the contention that there are different determinants for horizontal and vertical IIT. More importantly, using a measure of IIT that reflects the level of trade produces better regression results than those based on the degree or share of IIT. The model relating to Hungary’s vertical IIT in agri-food products yields the most promising results in terms of a priori expectations.

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Acta Oeconomica Periodical of the Hungarian Academy of Sciences

Print ISSN:: 0001-6373

Online ISSN:: 1588-2659

Associate Editors

Péter Benczúr, Joint Joint Research Center, European Commission
Dóra Benedek, International Monetary Fund
Balázs Égert, OECD
Dániel Prinz, World Bank
Rok Spruk, University of Ljubljana, School of Economics and Business, Slovenia

Editorial Board

Anders Åslund, Georgetown University and Advisory Council of CASE, USA
István Benczes, Corvinus University of Budapest, Hungary
Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
Fabrizio Coricelli, University of Siena, Italy
László Csaba, Corvinus University of Budapest, Hungary and Central European University, Austria
Beáta Farkas, Faculty of Economics and Business Administration, University of Szeged, Hungary
Péter Halmai, Budapest University of Technology and Economics, and National University of Public Service, Hungary
Martin Kahanec, Central European University, Austria
David Kemme, University of Memphis, USA
Michael Landesmann, The Vienna Institute for International Economic Studies (WIIW), Austria
Péter Mihályi, Corvinus University of Budapest, Hungary
Debora Revoltella, European Investment Bank

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: judit.kalman@uni-corvinus.hu

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SJR index	0.201
SJR Q rank	Q3

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Rank by Impact Factor	Q3 (Economics)
Journal Citation Indicator	0.23
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CiteScore	1.4
CiteScore rank	Q3 (Economics and Econometrics)
SNIP	0.385
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SJR index	0.218
SJR Q rank	Q4

Acta Oeconomica
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Acta Oeconomica
Language	English
Size	B5
Year of Foundation	1966
Volumes per Year	1
Issues per Year	4
Founder	Magyar Tudományos Akadémia
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ISSN	0001-6373 (Print)
ISSN	1588-2659 (Online)