Construct · 1 fields · 1 citations

vertical specialization: a standalone construct

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International economics

the use of imported inputs to make goods that are then exported, so a country specializes in a stage of production.

In international economics, vertical specialization refers to the use of imported inputs to make goods that are then exported, so a country specializes in a stage of production. This meaning comes from Hummels (2001) in Journal of International Economics.[1]

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Nearby constructs

specialization4 fields · 5 citationsjingle · one word, four constructs stage2 fields · 4 citationsjingle · one word, two constructs

References

Hummels, D., Ishii, J., & Yi, K. (2001). The nature and growth of vertical specialization in world trade. Journal of International Economics, 54(1), 75-96. https://doi.org/10.1016/s0022-1996(00)00093-3

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