IDEAS home Printed from https://ideas.repec.org/a/oup/oxecpp/v67y2015i4p1123-1145..html
   My bibliography  Save this article

Revisiting the ‘great trade collapse’ with the endogenous input-choice model

Author

Listed:
  • By Mika Saito
  • Ichiro Tokutsu

Abstract

We revisit the role of vertical specialization and supply constraints during the ‘great trade collapse’ with new data and a new model that allows us to resolve some of the conceptual and data limitations faced by previous studies. We find that (i) demand factors explain a smaller (than previously understood) fraction of the collapse in trade during 2008–9; and (ii) models tend to over-estimate (or under-estimate) the decline in the demand for domestic (or imported) inputs. These model errors are equivalent to an increase of about 4% in the export price premium, on average.

Suggested Citation

  • By Mika Saito & Ichiro Tokutsu, 2015. "Revisiting the ‘great trade collapse’ with the endogenous input-choice model," Oxford Economic Papers, Oxford University Press, vol. 67(4), pages 1123-1145.
    • Handle: RePEc:oup:oxecpp:v:67:y:2015:i:4:p:1123-1145.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/oep/gpv044
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:67:y:2015:i:4:p:1123-1145.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/oep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.