Replication data for: Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-2009
Principal Investigator(s): View help for Principal Investigator(s) Matthieu Bussière; Giovanni Callegari; Fabio Ghironi; Giulia Sestieri; Norihiko Yamano
Version: View help for Version V1
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| 20110226_DATA-PROGRAMS | 10/12/2019 09:46:PM | ||
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text/plain | 14.6 KB | 10/12/2019 05:46:PM |
Project Citation:
Bussière, Matthieu, Callegari, Giovanni, Ghironi, Fabio, Sestieri, Giulia, and Yamano, Norihiko. Replication data for: Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-2009. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114272V1
Project Description
Summary:
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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.
Scope of Project
JEL Classification:
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E23 Macroeconomics: Production
F14 Empirical Studies of Trade
F17 Trade: Forecasting and Simulation
F44 International Business Cycles
G01 Financial Crises
E23 Macroeconomics: Production
F14 Empirical Studies of Trade
F17 Trade: Forecasting and Simulation
F44 International Business Cycles
G01 Financial Crises
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