Peter C. Y. Chow and Mitchell H. Kellman
- Published in print:
- 1993
- Published Online:
- October 2011
- ISBN:
- 9780195078954
- eISBN:
- 9780199855001
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195078954.003.0008
- Subject:
- Economics and Finance, International
The issue of the comparative homogeneity of the NICs' manufactured exports are explored in this chapter. The hypothesis that the export responses of the four tigers to changes in the U.S. market ...
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The issue of the comparative homogeneity of the NICs' manufactured exports are explored in this chapter. The hypothesis that the export responses of the four tigers to changes in the U.S. market after taking into account domestic supply capabilities were highly coordinated is examined. The authors utilize data extending over a longer period of time and employ a standard import demand model. In addition, various hypotheses that may explain the hitherto unobserved trade phenomenon are also discussed. Two polar explanations are offered for the observed homogeneity among NICs manufactured exports: a “collusive” approach and a “competitive” approach.Less
The issue of the comparative homogeneity of the NICs' manufactured exports are explored in this chapter. The hypothesis that the export responses of the four tigers to changes in the U.S. market after taking into account domestic supply capabilities were highly coordinated is examined. The authors utilize data extending over a longer period of time and employ a standard import demand model. In addition, various hypotheses that may explain the hitherto unobserved trade phenomenon are also discussed. Two polar explanations are offered for the observed homogeneity among NICs manufactured exports: a “collusive” approach and a “competitive” approach.
