Abstract

Interregional trade has been relatively neglected by most trade analysts. A dearth of data has limited formal explorations of interregional trade but the magnitudes of the volumes revealed suggest that greater attention should be directed to this form of connectivity between economies. The chapter begins with a review of the theory and tests of international trade theory and its link to some of the ideas that form the basis of the New Economic Geography. Then, some alternative approaches to the measurement of trade are examined, especially the role of intra-industry as opposed to inter-industry trade, vertical specialization, trade overlap, and spatial production cycles. Thereafter, attention is addressed to the interregional impacts of international trade.

Original languageEnglish (US)
Title of host publicationHandbook of Regional Science
EditorsManfred M Fischer, Peter Nijkamp
PublisherSpringer
Pages373-395
Number of pages23
Edition2
ISBN (Electronic)9783662607237
ISBN (Print)9783662607220
DOIs
StatePublished - Jan 1 2021

Keywords

  • New Economic Geography
  • Trade theory
  • Vertical specialization

ASJC Scopus subject areas

  • General Economics, Econometrics and Finance
  • General Business, Management and Accounting
  • General Earth and Planetary Sciences
  • General Social Sciences

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