全球智库信息集成服务系统(G2TT): Commodity Trade Matters

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w24965
来源ID	Working Paper 24965
	Commodity Trade Matters
	Thibault Fally; James Sayre
发表日期	2018-09-03
出版年	2018
语种	英语
摘要	Primary commodities are used as inputs into all production processes, yet they account for approximately 16 percent of world trade. Despite their share in trade, we show that the aggregate gains from trade are largely understated if we ignore key features of commodities: low price elasticities of demand (difficulty in finding substitutes), low price elasticities of supply, and high dispersion of natural resources across countries. We develop a general-equilibrium model of consumption, production, and input-output linkages that explicitly accounts for these features. Our simulations confirm that the gains from trade are significantly larger, especially when considering large trade cost changes.
主题	International Economics ; Trade ; Development and Growth ; Development
URL	https://www.nber.org/papers/w24965
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/582639
推荐引用方式 GB/T 7714	Thibault Fally,James Sayre. Commodity Trade Matters. 2018.