Replication data for: Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-2009
- Bussière, Matthieu
- Callegari, Giovanni
- Ghironi, Fabio
- Sestieri, Giulia
- Yamano, Norihiko
AbstractThis 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.
Is supplement to
DOI: 10.1257/mac.5.3.118 (Text)
Bussière, Matthieu, Giovanni Callegari, Fabio Ghironi, Giulia Sestieri, and Norihiko Yamano. “Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008–2009.” American Economic Journal: Macroeconomics 5, no. 3 (July 2013): 118–51. https://doi.org/10.1257/mac.5.3.118.
- ID: 10.1257/mac.5.3.118 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13