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 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)

Aggregate Shocks, Regional Trade Collapse and Supply Chain Realignment

2021 ◽  
Author(s):  
Anindya S. Chakrabati ◽  
Kanika Mahajan ◽  
Shekhar Tomar
Keyword(s):  
Supply Chain ◽  
Regional Trade ◽  
Aggregate Shocks ◽  
Trade Collapse

scholarly journals Trade Elasticities for G-7 Countries

1998 ◽  
Author(s):  
Peter Hooper ◽  
Karen H. Johnson ◽  
Jaime Marquez
Keyword(s):  
Trade Elasticities

scholarly journals The anatomy of a trade collapse: the UK, 1929–1933

2018 ◽  
Vol 23 (2) ◽  
pp. 123-144 ◽  
Author(s):  
Alan de Bromhead ◽  
Alan Fernihough ◽  
Markus Lampe ◽  
Kevin Hjortshøj O’Rourke
Keyword(s):  
Trade Collapse ◽  
The Uk

scholarly journals Corruption, Trade Costs, and Gains from Tariff Liberalization: Evidence from Southern Africa

2016 ◽  
Vol 106 (10) ◽  
pp. 3029-3063 ◽  
Author(s):  
Sandra Sequeira
Keyword(s):  
Southern Africa ◽  
Firm Behavior ◽  
Trade Flow ◽  
Primary Data ◽  
Public Officials ◽  
Trade Elasticities ◽  
Experimental Variation ◽  
Quasi Experimental ◽  
Tariff Liberalization ◽  
Import Behavior

This paper exploits quasi-experimental variation in tariffs in southern Africa to estimate trade elasticities. Traded quantities respond only weakly to a 30 percent reduction in the average nominal tariff rate. Trade flow data combined with primary data on firm behavior and bribe payments suggest that corruption is a potential explanation for the observed low elasticities. In contexts of pervasive corruption, even small bribes can significantly reduce tariffs, making tariff liberalization schemes less likely to affect the extensive and the intensive margins of firms' import behavior. The tariff liberalization scheme is, however, still associated with improved incentives to accurately report quantities of imported goods, and with a significant reduction in bribe transfers from importers to public officials. (JEL D22, D73, F13, H83, O17, O19, O24)

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
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