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Global production sharing and the measurement of price elasticity in international trade

Athukorala, Premachandra; Khan, Fahad

Description

The implications of global production sharing for the measurement of price elasticity in international trade is examined using a unique dataset relating to manufacturing imports of the USA. There is strong evidence that parts and components, which account for a growing share of manufacturing trade, are remarkably less sensitive to changes in relative prices compared to final goods. This finding casts doubt on the conventional approach to trade flow modelling that treats parts and components and...[Show more]

dc.contributor.authorAthukorala, Premachandra
dc.contributor.authorKhan, Fahad
dc.date.accessioned2016-06-14T23:20:42Z
dc.identifier.issn0165-1765
dc.identifier.urihttp://hdl.handle.net/1885/103515
dc.description.abstractThe implications of global production sharing for the measurement of price elasticity in international trade is examined using a unique dataset relating to manufacturing imports of the USA. There is strong evidence that parts and components, which account for a growing share of manufacturing trade, are remarkably less sensitive to changes in relative prices compared to final goods. This finding casts doubt on the conventional approach to trade flow modelling that treats parts and components and finals goods as a unified product.
dc.publisherElsevier
dc.sourceEconomics Letters
dc.titleGlobal production sharing and the measurement of price elasticity in international trade
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume139
dc.date.issued2016
local.identifier.absfor140200 - APPLIED ECONOMICS
local.identifier.absfor140202 - Economic Development and Growth
local.identifier.ariespublicationU3488905xPUB8302
local.type.statusPublished Version
local.contributor.affiliationAthukorala, Premachandra, College of Asia and the Pacific, ANU
local.contributor.affiliationKhan, Fahad, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.startpage27
local.bibliographicCitation.lastpage30
local.identifier.doi10.1016/j.econlet.2015.09.038
dc.date.updated2016-06-14T08:51:59Z
local.identifier.scopusID2-s2.0-84952891335
CollectionsANU Research Publications

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