(A Study on the Determinants and Productivity Spillover Effects of Korea's Intermediate Goods Trade)

2011 ◽  
Author(s):  
Young Gui Kim ◽  
Jungu Kang ◽  
Hyuk-Hwang Kim ◽  
Hea-Jung Hyun
Keyword(s):  
Spillover Effects ◽  
Intermediate Goods ◽  
Intermediate Goods Trade

TRANSMISSION OF MONETARY POLICY SHOCKS: DO INPUT–OUTPUT INTERACTIONS MATTER?

2019 ◽  
Vol 24 (8) ◽  
pp. 1881-1903
Author(s):  
Aarti Singh ◽  
Stefano Tornielli Di Crestvolant
Keyword(s):  
Monetary Policy ◽  
Spillover Effects ◽  
Intermediate Goods ◽  
Input Output ◽  
Monetary Policy Shocks ◽  
Vector Autoregressive ◽  
Policy Shocks ◽  
Monetary Policy Shock ◽  
New Evidence ◽  
Transmission Of Monetary Policy

We examine whether input–output interactions among industries impact the transmission of monetary policy shocks through the economy. Using vector autoregressive (VAR) methods we find evidence of heterogeneity in the output response to a monetary policy shock in both finished goods industries and intermediate goods industries. While output responses in finished goods industries can be related to heterogeneity in industry characteristics, this relationship is not so obvious for intermediate goods industries. For the intermediate goods industries in our sample, we find new evidence of demand-spillover effects that impact the transmission of monetary policy via input–output linkages.

scholarly journals Economic Integration and Network Trade: A Comparison of  East Asia  and the European Union

2020 ◽  
Vol 19 (1) ◽  
pp. 19-37
Author(s):  
Son Thanh Nguyen ◽  
Yanrui Wu
Keyword(s):  
European Union ◽  
East Asia ◽  
Trade Flows ◽  
Export Market ◽  
Intermediate Goods ◽  
The European Union ◽  
Production Networks ◽  
Large Share ◽  
Regional Production ◽  
Intermediate Goods Trade

The emergence of production networks has changed the structure of international trade, which is characterized by a large share of intra-regional trade flows and a rising value of intermediate goods trade or network trade between countries within the same region. This paper investigates the change in impact of trade determinants with the formation of regional production networks. At the global level, the results show that intermediate goods exports are more sensitive to trade barriers than total goods exports. At the regional level, the comparison reveals that, despite the efforts directed toward export market diversification in East Asia, the region is still more dependent on other regions’ economic conditions than the European Union is.

Integration through Intermediate Goods: A Comparison of G-7 Openness to Developing Country Exports

2010 ◽  
Vol 11 (2) ◽  
pp. 113-134
Author(s):  
John Berdell ◽  
Animesh Ghoshal
Keyword(s):  
Developing Countries ◽  
North America ◽  
Developing Country ◽  
Regional Integration ◽  
Developing Economies ◽  
Intermediate Goods ◽  
Production Networks ◽  
Diffusion Of Technology ◽  
Intermediate Goods Trade ◽  
Expenditure Elasticity

The fragmentation of manufacturing in G7 economies has substantially altered the way in which developing countries participate in world trade and production. Commodity chains and intertwined production networks have become increasingly important as vectors for the diffusion of technology and integration of developing countries into the world economy. We establish a set of simple and transparent benchmarks to compare and contrast the speed and extent to which production networks have integrated each of the G7 with developing economies through the importation of intermediate goods and examine these comparative indicators of G7 integration at both regional and global levels. We examine both total and intermediate goods trade flows and calculate the income-expenditure elasticity of developing-country sourced imports with respect to G7 incomes and also the elasticity of imported intermediate goods with respect to manufactured output. Within the G7, we find three tiers of openness to intermediate goods produced by developing countries, led by Germany and the US. Regional integration exhibits a clear pattern in which Central Europe appears to be integrating with developed Europe, Mexico with North America, and only East Asia is simultaneously integrating with North America, Europe and Japan.

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