Nikolay Yordanov
EVOLUTION OF THE TOOLBOX
FOR MEASURING INTRA-INDUSTRY TRADE
Summary:
The growing importance of intra-industry trade and its role for decreasing the cost of adjustment of economies along the processes of their transformation require a toolbox for accurate measurement of its share. The study reviews three major stages in the development of the mathematical models for measuring intra-industry trade: 1) Initial quantification attempts; 2) Historical measuring; 3) Decomposing the intra-industry trade into vertical and horizontal trade. The author has described the specific indices and methodologies used at each stage and analyzed those of their specific characteristics the researches should take into account when using them
