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Élasticités-prix du commerce international. Nouvelles estimations macro-économétriques pour six grands pays

Author

Listed:
  • Bruno Ducoudré
  • Iris Guezennec
  • Éric Heyer
  • Chloé Lavest
  • Lucas Pérez

Abstract

In this article, we evaluate aggregate price elasticities of international trade for six major developed countries: France, Germany, Italy, Spain, the United Kingdom and the United States. Essentially based on data provided by the national accounts, the demand addressed to each country is derived from a new OFCE database of global trade flows and prices covering trade in goods and services. Our estimates for export volumes show that Italy and Spain are the two most sensitive countries to a change in relative prices. As for price elasticities of export prices, the United States stands out with an elasticity of 0.23, well below those estimated for other countries of around 0.5, reflecting the market power of American firms. As regards imports, Spain and the UK have the highest price elasticities (respectively 0.92 and 0.99).

Suggested Citation

  • Bruno Ducoudré & Iris Guezennec & Éric Heyer & Chloé Lavest & Lucas Pérez, 2019. "Élasticités-prix du commerce international. Nouvelles estimations macro-économétriques pour six grands pays," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 251-280.
    • Handle: RePEc:cai:reofsp:reof_163_0251
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