| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21070 |
| 来源ID | Working Paper 21070 |
| Demand for Value Added and Value-Added Exchange Rates | |
| Rudolfs Bems; Robert C. Johnson | |
| 发表日期 | 2015-04-06 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We examine the role of cross-border input linkages in governing how international relative price changes influence demand for domestic value added. We define a novel value-added real effective exchange rate (REER), which aggregates bilateral value-added price changes, and link this REER to demand for value added. Input linkages enable countries to gain competitiveness following depreciations by supply chain partners, and hence counterbalance beggar-thy-neighbor effects. Cross-country differences in input linkages also imply that the elasticity of demand for value added is country specific. Using global input-output data, we demonstrate these conceptual insights are quantitatively important and compute historical value-added REERs. |
| 主题 | International Economics ; Trade ; International Macroeconomics |
| URL | https://www.nber.org/papers/w21070 |
| 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/578744 |
| 推荐引用方式 GB/T 7714 | Rudolfs Bems,Robert C. Johnson. Demand for Value Added and Value-Added Exchange Rates. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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