What is the weighted average of the iit shares

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Reference no: EM131212402

Here are data on Japanese exports and imports, for 2012, for the same seven products shown for U.S. trade in Figure 2:

600_Japan exports and imports for 2012.jpg

480_Intra Industry Trade for the US.jpg

a. For each product for Japan, calculate the IIT share.

b. The weighted average of IIT shares for these seven products for 2012 for the United States (using the data from Figure 6.2) is 63.1 percent. For Japan for these seven products for 2012, what is the weighted average of the IIT shares? Which country has relatively more IIT in these seven products?

Reference no: EM131212402

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