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 language | English (US) |
---|---|
Title of host publication | Handbook of Regional Science |
Subtitle of host publication | Second and Extended Edition: With 238 Figures and 78 Tables |
Publisher | Springer |
Pages | 373-395 |
Number of pages | 23 |
ISBN (Electronic) | 9783662607237 |
ISBN (Print) | 9783662607220 |
DOIs | |
State | Published - Jan 1 2021 |
Keywords
- New Economic Geography
- Trade theory
- Vertical specialization
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)
- Earth and Planetary Sciences(all)
- Social Sciences(all)