inter-industry and intra-industry questions

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Question Description

Search for the Hecksher-Ohlin model in Wikipedia and provide a brief explanation of it.

In the Hecksher-Ohlin (also known as the factor endowments model) are the products a nation exports to another nation similar or different to the products it imports? Why?

Search for intra-industry trade in Wikipedia. Define intra-industry trade and provide an example of intra-indusrty trade

According to Wikipedia, what is Paul Krugman’s explanation for intra-industry trade? What do increasing returns mean?

Visit tse.export.gov/TSE and click on National Trade Data, then select Product Profiles of US merchandise Trade with a Selected Market, then select individual countries and find the top eight products imported from and exported to Canada, China, Mexico, and India for 2016.

In a table show the top 8 products imported and exported to Canada. Based on the data, provide examples of inter-industry trade and of intra-industry trade with Canada. Where there is inter-industry trade discuss which factor endowment would give which country an advantage in the production of a good.

In a table show the top 8 products imported and exported to China. Based on the data, provide examples of inter-industry trade and of intra-industry trade with China. Where there is inter-industry trade discuss which factor endowment would give which country an advantage in the production of a good.

In a table show the top 8 products imported and exported to Mexico. Based on the data, provide examples of inter-industry trade and of intra-industry trade with Mexico. Where there is inter-industry trade discuss which factor endowment would give which country an advantage in the production of a good.

In a table show the top 8 products imported and exported to India. Based on the data, provide examples of inter-industry trade and of intra-industry trade with India. Where there is inter-industry trade discuss which factor endowment would give which country an advantage in the production of a good.

Would you expect trade with Germany would be more inter-industry or intra-industry (factor endowments)? Why? Please find the data of imports and exports to Germany and include it with your assignment. Do the data support or contradict your hypothesis?

Tutor Answer

DR_SHINAWATA
School: UT Austin

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Running Head: INTER-INDUSTRY AND INTRA-INDUSTRY TRADE

Inter-Industry and Intra-Industry Trade
Institutional Affiliation
Date

1

INTER-INDUSTRY AND INTRA-INDUSTRY TRADE

Inter-industry and intra-industry questions

Search for the Hecksher-Ohlin model in Wikipedia and provide a brief explanation of it.

In most of the cases Heckscher-Ohlin model which is also known as H-O model, it is a general
or common equilibrium international mathematical model trade, which was developed by Bertil
Ohlin along with Eli Heckscher at (economics school) the Stockholm school. The model builds
on comparative advantage through guessing commerce as well as production patterns based on
trading region endowments factor. This model importantly says that nations are going to export
commodities which apply their abundant as well as production cheap factors along with import
commodities which use the scare factors of the nation (Nyahoho, 2010).

In the Hecksher-Ohlin (also known as the factor endowments model) are the products a
nation exports to another nation similar or different to the products it imports? Why?

According to Heckscher-Ohlin model, the products that are typically exported to another
different country are different too, the commodities that country imports. The main reason for
this is because Heckscher-Ohlin model mainly operates when resources are typically imbalanced
(in between two nations are in the entire world) this means that the country exports what it has
and in return imports the commodity that it does not have. Thus, the exported commodities are
different from the imported one (showing that those commodities a country lacks are typically
available elsewhere).

Search for intra-industry trade in Wikipedia. Define intra-industry trade and provide an
example of intra-industry trade

2

INTER-INDUSTRY AND INTRA-INDUSTRY TRADE

Intra-industry trade is typically the exchange of the equivalent products belonging to the similar
industry. Major examples are beverages, automobiles, minerals, computers as well as foodstuffs
(Davis, 1995).
According to Wikipedia, what is Paul Krugman’s explanation for in...

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