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AA00260492-20020002-0099.pdf
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Title |
Title |
MEASURING INTER-INDUSTRY TRADE: AN AXIOMATIC APPROACH
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CHAKRAVARTY, Satya R.
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Economic Research Unit, Indian Statistical Institute
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PFINGSTEN, Andreas
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Westfalische Wilhlems-Universitat
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SILBER, Jacques
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Department of Economics, Bar-Ilan University
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Keio Economic Society, Keio University
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2002
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Keio economic studies
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39
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2
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2002
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99
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110
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Abstract |
This paper characterizes a general index of inter-industry trade using a set of intuitively reasonable axioms. The general index contains the Balassa and the Grubel-Lloyd indices as particular cases. The axiomatic approach developed in the paper gives us an insight of the indices in an elaborate way through the axioms employed in the characterization exercise.
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