Sources for International Trade, Prices, Production, and Consumption

Asymmetric industrial energy prices and international trade

This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a panel for the period 1996-2011 including 42 countries, 62 sectors and covering 60% of global merchandise trade, we estimate the short-run effects of sector-level energy price asymmetry on trade. We find that changes in relative energy prices have a statistically signifi...

Factor Prices and International Trade: A Unifying Perspective

How do trade liberalizations a¤ect relative factor prices and to what extent do they cause factors to reallocate across sectors? We …rst present a general accounting framework that nests a wide range of models that have been used to study the link between globalization and factor prices and from which we obtain two su¢ cient statistics that determine factor prices. Under some restrictions, chan...

Carbon, land, and water footprint accounts for the European Union: consumption, production, and displacements through international trade.

A nation's consumption of goods and services causes various environmental pressures all over the world due to international trade. We use a multiregional input-output model to assess three kinds of environmental footprints for the member states of the European Union. Footprints are indicators that take the consumer responsibility approach to account for the total direct and indirect effects of ...

International Outsourcing and Factor Prices with Multistage Production

We develop a dual representation of the technology of international fragmentation for an industry using 2 factors in a continuum of stages. We then derive a generalised factor price frontier which incorporates an endogenous adjustment of the margin fragmentation. Using this frontier in a 2×2 general equilibrium model, we investigate the role of outsourcing in the adjustment to a decline in the ...

An algorithm for a piecewise linear model of trade and production with negative prices and bankruptcy