Abstract

HERNANDEZ -GARCIA, Edwin Arbey  and  RAFFO -LOPEZ, Leonardo. INTRA-INDUSTRIAL TRADE AND ADJUSTMENT COSTS FOR THE VALLE DEL CAUCA INDUSTRY (1975-2014). Semest. Econ. [online]. 2016, vol.19, n.41, pp.137-165. ISSN 0120-6346.  https://doi.org/10.22395/seec.v19n41a6.

The objective of this article is to analyze the adjustment costs for the Valle del Cauca industry during 1975-2014, considering the department´s foreign trade pattern. For this, the Brülhart index is calculated in order to analyze the marginal intra-industry trade, and its relation with the adjustment costs within the department´s industry. One of the main results show that commercial relations evolved up till 2009 towards an intra-industrial pattern, but after this year, due to the international financial crisis, the pattern shifted towards and inter-industry trade, which meant larger adjustment costs for the end of the period.

Keywords : International trade; intra-industrial trade; adjustment costs; regional analysis; Colombia.

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