| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16253 |
| 来源ID | Working Paper 16253 |
| Decomposing the Great Trade Collapse: Products, Prices, and Quantities in the 2008-2009 Crisis | |
| Mona Haddad; Ann Harrison; Catherine Hausman | |
| 发表日期 | 2010-08-05 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We identify a new set of stylized facts on the 2008-2009 trade collapse that we hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in international trade into product entry and exit, price changes, and quantity changes for imports by Brazil, the European Union, Indonesia, and the United States. When we aggregate across all products, most of the countries analyzed experienced a decline in new products, a rise in product exit, and falls in quantity for product lines that continued to be traded. The evidence suggests that the intensive rather than extensive margin mattered the most, consistent with studies of other countries and previous recessionary periods. On average, quantities declined and prices fell. However, these average effects mask enormous differences across different products. Price declines were driven primarily by commodities. Within manufacturing, while most quantity changes were negative, in most cases price changes moved in the opposite direction. Consequently, within manufacturing, there is some evidence consistent with the hypothesis that supply side frictions played a role. For the United States, price increases were most significant in sectors which are typically credit constrained. |
| 主题 | International Economics ; Trade |
| URL | https://www.nber.org/papers/w16253 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573928 |
| 推荐引用方式 GB/T 7714 | Mona Haddad,Ann Harrison,Catherine Hausman. Decomposing the Great Trade Collapse: Products, Prices, and Quantities in the 2008-2009 Crisis. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16253.pdf（490KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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