For the US industries below, (a) Calculate the IIT index, and classify the industry as experiencing either
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Question:
For the US industries below,
(a) Calculate the IIT index, and classify the industry as experiencing either Intra-Industry or Inter-Industry Trade.
(b) Sort the industries from least to most IIT-oriented
Please do feel free to do this on a spreadsheet by copying the data table below into Excel and pasting a finished table back into your answer.
$ millions | ||
Description | exports, 2016 | imports, 2016 |
Artwork, antiques, stamps, etc. | 10,537 | 10,778 |
Footwear | 0 | 17,070 |
Glassware, china | 337 | 2,244 |
Industrial engines | 22,773 | 20,420 |
Telecommunications equipment | 37,760 | 65,182 |
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