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Using the data, calculate and interpret the intra-industry trade index for each year trade between Guyana and each trading partner. b. For which trading partner
Using the data, calculate and interpret the intra-industry trade index for each year trade between Guyana and each trading partner.
b. For which trading partner is intra-industry trade higher? For which trading partner is trade based more on factor endowments?
c. Explain how intra-industry trade has changed over time.
d. What do your results suggest about the nature of production in Guyana?
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