BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 15.1//EN BEGIN:VTIMEZONE TZID:Eastern Standard Time BEGIN:STANDARD DTSTART:20251102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Eastern Standard Time TZOFFSETFROM:-0400 TZOFFSETTO:-0500 END:STANDARD BEGIN:DAYLIGHT DTSTART:20250301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Eastern Daylight Time TZOFFSETFROM:-0500 TZOFFSETTO:-0400 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:"Within- and Across-Product Specialization Revisited"Authors: P urba Mukerji and Arvind Panagariya \;In this paper\, Mukerji and Panag ariya revisit the issue of within- and across-product specialization. Unli ke the recent work by Peter Schott\, they show that across-product special ization remains pervasive. Schott’s analysis is exclusively based on US im ports from its various trading partners. To fully get at the degree of wit hin- versus across-product specialization in trade and whether within-prod uct specialization and trade is differentiated by quality\, one needs to c onsider data on both exports and imports\, which Mukerji and Panagariya do . They find that less than 30 percent of all products the United States tr ades are subject to movements in both directions meaning they are exported as well as imported. As many as two-thirds of the products the United Sta tes imports do not appear in its export basket. Mukerji and Panagariya als o calculate the standard Grubel-Lloyd index of intra-industry trade\, and find that at HTS 10-digit level of classification\, the value of this inde x fluctuates around 21 percent between 1989 and 2001. Thus\, a disproporti onately large volume of the United States trade exhibits across product sp ecialization.Arvind Panagariya is Professor of Economics and Jagdish Bhagw ati Professor of Indian Political Economy at Columbia University. He has m ade several fundamental contributions to international trade theory and po licy. He is also an expert on the Indian Economy. \; DTEND:20090914T210000Z DTSTAMP:20260511T102508Z DTSTART:20090914T200000Z LOCATION: SEQUENCE:0 SUMMARY:TDPE presents: Arvind Panagariya UID:RFCALITEM639140775083788788 X-ALT-DESC;FMTTYPE=text/html:"Within- and Across-Product Specialization Rev isited"Authors: Purba Mukerji and Arvind Panagariya \;In this paper\, Mukerji and Panagariya revisit the issue of within- and across-product spe cialization. Unlike the recent work by Peter Schott\, they show that acros s-product specialization remains pervasive. Schott’s analysis is exclusive ly based on US imports from its various trading partners. To fully get at the degree of within- versus across-product specialization in trade and wh ether within-product specialization and trade is differentiated by quality \, one needs to consider data on both exports and imports\, which Mukerji and Panagariya do. They find that less than 30 percent of all products the United States trades are subject to movements in both directions meaning they are exported as well as imported. As many as two-thirds of the produc ts the United States imports do not appear in its export basket. Mukerji a nd Panagariya also calculate the standard Grubel-Lloyd index of intra-indu stry trade\, and find that at HTS 10-digit level of classification\, the v alue of this index fluctuates around 21 percent between 1989 and 2001. Thu s\, a disproportionately large volume of the United States trade exhibits across product specialization.Arvind Panagariya is Professor of Economics and Jagdish Bhagwati Professor of Indian Political Economy at Columbia Uni versity. He has made several fundamental contributions to international tr ade theory and policy. He is also an expert on the Indian Economy. \; END:VEVENT END:VCALENDAR