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The Euro effects on intermediate and final exports

Author

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  • Lavinia Rotili

    (Sapienza University of Rome)

Abstract

This paper studies the euro effects on intermediate and final exports taking advantage of the world input-output dataset (WIOD). The originality of this empirical analysis is that it combines one of the most analyzed topics in international economics, the euro trade effects, with the theme of supply chain trade. The main findings are the following: i) the euro has positively affected Eurozone trade with a larger effect on intermediate flows relative to final exports; ii) the intra-area euro effect becomes either negative or not statistically significant when switching from a small sample of advanced economies to a larger group of emerging and developing economies. The paper provides some evidence that the heterogeneity of the euro effects between the small and the large sample can be explained by a missing variable related to the increasing relevance of supply chain connections between European countries.

Suggested Citation

  • Lavinia Rotili, 2014. "The Euro effects on intermediate and final exports," Working Papers 7/14, Sapienza University of Rome, DISS.
    • Handle: RePEc:saq:wpaper:7/14
    as

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    File URL: http://www.diss.uniroma1.it/sites/default/files/allegati/wpRotili_7_14.pdf
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    References listed on IDEAS

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    Cited by:

    1. Campbell, Douglas L. & Chentsov, Aleksandr, 2017. "Breaking Badly: The Currency Union Effect on Trade," MPRA Paper 79973, University Library of Munich, Germany.
    2. Tibor Lalinsky & Jaanika Meriküll, 2021. "The Effect of the Single Currency on Exports: Comparative Firm-Level Evidence," International Journal of Central Banking, International Journal of Central Banking, vol. 17(3), pages 203-239, September.
    3. Campbell, Douglas L. & Chentsov, Aleksandr, 2023. "Breaking badly: The currency union effect on trade," Journal of International Money and Finance, Elsevier, vol. 136(C).
    4. Andrew K. Rose, 2017. "Why do Estimates of the EMU Effect on Trade Vary so Much?," Open Economies Review, Springer, vol. 28(1), pages 1-18, February.
    5. Pierluigi Montalbano & Silvia Nenci & Laura Dell'Agostino, 2019. "A non-parametric re-assessment of the trade effects of the euro using value added data," Working Papers 9/19, Sapienza University of Rome, DISS.

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    More about this item

    Keywords

    Euro; supply chain; trade; gravity equation.;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F2 - International Economics - - International Factor Movements and International Business
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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