Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-2009
Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-2009
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DOI：
10.1257/mac.5.3.118
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发表时间：
2013-07-01
影响因子：
6
通讯作者：
Yamano, Norihiko
中科院分区：
文献类型：
--
作者：
Bussiere, Matthieu;Callegari, Giovanni;Yamano, Norihiko
本文介绍了一个基于进口强度调整的总需求测度的国际贸易流动的新实证模型。我们利用经合组织的投入产出表计算了需求要素的进口强度。我们认为，需求构成在贸易动态中起着关键作用，因为大多数进口密集型支出类别（特别是投资，但也包括出口）的变动相对较大。我们为一个由18个经合组织国家组成的小组提供了支持这些机制的证据，特别关注2008-2009年的贸易大崩溃。
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.