Journal article


Standardization of Intermediate Goods and International Trade


Publication Details
Author(s): Lorz O, Wrede M
Publisher: Wiley-Blackwell
Publication year: 2008
Volume: 41
Pages range: 517–536
ISSN: 0008-4085
Language: English

Abstract

This paper analyzes the relationship between standardization of intermediate inputs and international trade. We employ a two-country, general equilibrium model with differentiated manufacturing goods. Production of manufacturing goods requires specific intermediate inputs, which can be either specialized or standardized. Standardization and the pattern of trade are determined endogenously in our model. In this framework we derive the effects of trade integration, that is, a decline in trading costs for intermediate goods, on the equilibrium outcome. © 2008 The Canadian Economics Association.



How to cite
APA: Lorz, O., & Wrede, M. (2008). Standardization of Intermediate Goods and International Trade. Canadian Journal of Economics-Revue Canadienne D Economique, 41, 517–536. https://dx.doi.org/10.1111/j.1540-5982.2008.00473.x

MLA: Lorz, Oliver, and Matthias Wrede. "Standardization of Intermediate Goods and International Trade." Canadian Journal of Economics-Revue Canadienne D Economique 41 (2008): 517–536.

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