Calculate the Grubel Lloyd Index between the United States and the rest of the countries. Interpret your results indicating which type of trade is present, Inter-industrial or Intra-industrial.
Grubel-Lloyd Index Choose the United States, Canada, Mexico, Germany, France, United Kingdom, Spain, Japan, and Australia, New Zealand. Search information on exports and imports between the United States and the rest of the countries for 1960, 1970, 1980, 1990, 2000, and 2010. You can access the following link https://www.census.gov/foreign-trade/statistics/highlights/toppartners for this information. Calculate the Grubel […]