@techreport{oai:ir.ide.go.jp:00037637,
 author = {Hayakawa, Kazunobu and Okubo, Toshihiro and Ito, Tadashi},
 month = {Oct},
 note = {application/pdf, IDP000542_001, This paper presents the novel finding that two-way intra-industry trade (IIT) in product–country pairs is very unstable over time by using disaggregated trade data of OECD countries. Many products frequently switch among two-way, one-way and zero trade over time. To measure the stability of two-way trade, we propose a measure that we refer to as the "IIT stability index". Our estimation results using the proposed measure show that two-way trade involving markets of different sizes and long distance are likely to be unstable. In addition, primary products are more unstable than manufactured products.},
 title = {On the stability of intra-industry trade},
 year = {2015}
}