scholarly journals Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008–2009

2013 ◽  
Vol 5 (3) ◽  
pp. 118-151 ◽  
Author(s):  
Matthieu Bussière ◽  
Giovanni Callegari ◽  
Fabio Ghironi ◽  
Giulia Sestieri ◽  
Norihiko Yamano
Keyword(s):  
Empirical Model ◽  
Aggregate Demand ◽  
Trade Flows ◽  
Input Output ◽  
Trade Elasticities ◽  
Trade Collapse ◽  
Great Trade Collapse ◽  
Trade Dynamics ◽  
Demand Composition ◽  
Import Intensity

This paper introduces a new empirical model of international trade flows based on an import intensity-adjusted measure of aggregate demand. We compute the import intensity of demand components by using the OECD Input-Output tables. We argue that the composition of demand plays a key role in trade dynamics because of the relatively larger movements in the most import-intensive categories of expenditure (especially investment, but also exports). We provide evidence in favor of these mechanisms for a panel of 18 OECD countries, paying particular attention to the 2008–2009 Great Trade Collapse. (JEL E23, F14, F17, F44, G01)

scholarly journals Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-09

2011 ◽  
Author(s):  
Matthieu Bussière ◽  
Giovanni Callegari ◽  
Fabio Ghironi ◽  
Giulia Sestieri ◽  
Norihiko Yamano
Keyword(s):  
Trade Elasticities ◽  
Trade Collapse ◽  
Demand Composition

scholarly journals The Impact of Polish-German Trade Flows on CO2 Emissions

2012 ◽  
Vol 11 (1) ◽  
pp. 152-164
Author(s):  
Jan T. Mizgajski
Keyword(s):  
Co2 Emissions ◽  
Trade Flows ◽  
Input Output ◽  
Output Analysis ◽  
German Trade ◽  
Input Output Analysis ◽  
Embodied Carbon ◽  
The Impact

Abstract This study analyses the embodied carbon in the trade flows between Poland and Germany. The calculations are based on data from Eurostat and OECD for 2008. The study uses input-output analysis, which allows the assignment of responsibility to individual flows for generating specific amounts of emissions in the economy. It demonstrates that Polish exports to Germany contain significantly more embodied carbon than do imports from Germany, despite the fact that the value of imports is higher. Moreover, it is found that Polish-German trade flows were responsible for more CO2 emissions that Lithuania and Latvia emitted together in 2008.

scholarly journals The Great Trade Collapse of 2008-09: An Inventory Adjustment?

2010 ◽  
Author(s):  
George Alessandria ◽  
Joseph Kaboski ◽  
Virgiliu Midrigan
Keyword(s):  
Trade Collapse ◽  
Great Trade Collapse

scholarly journals Triangulation Applied to the Intra-European Union Tomato Market

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-10
Author(s):  
Jaime De Pablo Valenciano ◽  
José Antonio Torres Arriaza ◽  
Juan Uribe-Toril ◽  
José Luis Ruiz-Real
Keyword(s):  
Artificial Intelligence ◽  
European Union ◽  
Foreign Trade ◽  
Trade Flows ◽  
Strong Impact ◽  
The European Union ◽  
Input Output ◽  
Specific Product ◽  
Fresh Tomato ◽  
Interdependent Relationships

An understanding of the intracommunity trade is essential for the agents involved in the fresh tomato market (farmers, entrepreneurs, public administrations, and consumers). The purpose of this paper is to analyze the interdependent relationships between exporting and importing countries within the European Union for a specific product such as fresh tomatoes and thus understand which have been the key countries in three specific years (2002–2007–2017). The methodology used to study the interrelationships of trade flows in the countries of the European Union (EU) is that of triangulation by means of the Leontief input-output model. Artificial intelligence techniques are used to process and triangulate the data based on pathfinding techniques using a cost function. The triangulation results have created a hierarchy of countries (suppliers and customers). This type of methodology has not been applied to the field of foreign trade. The results show that Netherlands and Spain are key countries in intracommunity trade as they have a strong impact both with regard to their exports and their imports and are fundamental when analyzing the growth of specific sectors and how they are able to stimulate the economies of other countries.

scholarly journals Trade Finance and the Great Trade Collapse

2011 ◽  
Vol 101 (3) ◽  
pp. 298-302 ◽  
Author(s):  
JaeBin Ahn ◽  
Mary Amiti ◽  
David E Weinstein
Keyword(s):  
World Trade ◽  
Financial Frictions ◽  
Economic Models ◽  
Stylized Facts ◽  
Trade Finance ◽  
Financial Factors ◽  
Trade Collapse ◽  
Domestic Prices ◽  
Great Trade Collapse ◽  
Manufactured Exports

Economic models that do not incorporate financial frictions only explain about 70 to 80 percent of the decline in world trade that occurred in the 2008–2009 crisis. We review evidence that shows financial factors also contributed to the great trade collapse and uncover two new stylized facts in support of it. First, we show that the prices of manufactured exports rose relative to domestic prices during the crisis. Second, we show that US seaborne exports and imports, which are likely to be more sensitive to trade finance problems, saw their prices rise relative to goods shipped by air or land.

Sign in / Sign up

Export Citation Format

Share Document