产业内贸易的稳定性中英文外文文献翻译必威体育精装版译文.docVIP

本科毕业设计（论文） 中英文对照翻译 (此文档为word格式,下载后您可任意修改编辑!) 标题：On the stability of intra-industry trade 作者：Kazunobu Hayakawaa, Tadashi Itob, Toshihiro Okubo 期刊：Journal of the Japanese and International Economies，第45卷，1-12页 年份：2017 字数：译文3900多字 原文 On the stability of intra-industry trade Kazunobu Hayakawaa, Tadashi Itob, Toshihiro Okubo Abstract This paper presents the novel finding that, in contrast to what the previous literature has shown, two-way intra-industry trade (IIT) in product–country pairs, when looked from a dynamic perspective, is very unstable by using disaggregated trade data of OECD countries. Many products frequently switch among two-way, one-way and zero trade over time. To measure the stability of two-way trade, we propose a measure that we refer to as the “IIT stability index”. Our estimation results using the proposed measure show that two-way trade involving markets of different sizes and long distance are likely to be unstable and primary products are more unstable than manufactured products. Keywords: Two-way trade, Intra-industry trade, Stability 1. Introduction The literature of international trade has shown that two-way trade within a sector, so-called intra-industry trade (IIT), has been increasingly becoming dominant pattern of trade. Welfare gain by IIT through the variety effect is theoretically argued (Krugman, 1980) and empirically shown important (Feenstra and Weinstein, 2016).1 Many previous studies have proposed various methodologies to measure two-way trade and address the questions of why and how two-way trade occurs. We argue that these measures are all static and once we look at dynamic aspects we observe very unstable feature of IIT. Trade patterns frequently switch from one type to another among the three types, namely zero trade, one-way trade and two-way trade (i.e., IIT). This dynamic aspect in trade patterns is investigated in this paper. Our investigation yields some empirical evidence. First, trade flows among OECD countries sw