Decomposing the great trade collapse: products, prices, and quantities in the 2008-2009 crisis
"We identify a new set of stylized facts on the 2008-2009 trade collapse that we hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in international trade into product entry and exit, price cha...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, MA
National Bureau of Economic Research
2011
|
| Schriftenreihe: | NBER working paper series
working paper 16253 |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | "We identify a new set of stylized facts on the 2008-2009 trade collapse that we hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in international trade into product entry and exit, price changes, and quantity changes for imports by Brazil, the European Union, Indonesia, and the United States. When we aggregate across all products, most of the countries analyzed experienced a decline in new products, a rise in product exit, and falls in quantity for product lines that continued to be traded. The evidence suggests that the intensive rather than extensive margin mattered the most, consistent with studies of other countries and previous recessionary periods. On average, quantities declined and prices fell. However, these average effects mask enormous differences across different products. Price declines were driven primarily by commodities. Within manufacturing, while most quantity changes were negative, in most cases price changes moved in the opposite direction. Consequently, within manufacturing, there is some evidence consistent with the hypothesis that supply side frictions played a role. For the United States, price increases were most significant in sectors which are typically credit constrained"--National Bureau of Economic Research web site |
| Beschreibung: | Includes bibliographical references. - Title from PDF file as viewed on 9/21/2010 |
| Beschreibung: | 1 Online-Ressource |
| DOI: | 10.1596/1813-9450-5749 |
Internformat
MARC
| LEADER | 00000nmm a2200000zcb4500 | ||
|---|---|---|---|
| 001 | BV048265187 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220609s2011 |||| o||u| ||||||eng d | ||
| 024 | 7 | |a 10.1596/1813-9450-5749 |2 doi | |
| 035 | |a (ZDB-1-WBA)NLM010328459 | ||
| 035 | |a (OCoLC)1075177987 | ||
| 035 | |a (DE-599)GBVNLM010328459 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 |a DE-19 |a DE-355 |a DE-703 |a DE-91 |a DE-706 |a DE-29 |a DE-M347 |a DE-473 |a DE-824 |a DE-20 |a DE-739 |a DE-1043 |a DE-863 |a DE-862 | ||
| 100 | 1 | |a Haddad, Mona |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Decomposing the great trade collapse |b products, prices, and quantities in the 2008-2009 crisis |c Mona Haddad, Ann Harrison, Catherine Hausman |
| 264 | 1 | |a Cambridge, MA |b National Bureau of Economic Research |c 2011 | |
| 300 | |a 1 Online-Ressource | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a NBER working paper series |v working paper 16253 | |
| 500 | |a Includes bibliographical references. - Title from PDF file as viewed on 9/21/2010 | ||
| 520 | |a "We identify a new set of stylized facts on the 2008-2009 trade collapse that we hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in international trade into product entry and exit, price changes, and quantity changes for imports by Brazil, the European Union, Indonesia, and the United States. When we aggregate across all products, most of the countries analyzed experienced a decline in new products, a rise in product exit, and falls in quantity for product lines that continued to be traded. The evidence suggests that the intensive rather than extensive margin mattered the most, consistent with studies of other countries and previous recessionary periods. On average, quantities declined and prices fell. However, these average effects mask enormous differences across different products. Price declines were driven primarily by commodities. Within manufacturing, while most quantity changes were negative, in most cases price changes moved in the opposite direction. Consequently, within manufacturing, there is some evidence consistent with the hypothesis that supply side frictions played a role. For the United States, price increases were most significant in sectors which are typically credit constrained"--National Bureau of Economic Research web site | ||
| 700 | 1 | |a Harrison, Ann |4 oth | |
| 700 | 1 | |a Hausman, Catherine |d 1958- |4 oth | |
| 710 | 2 | |a National Bureau of Economic Research |4 oth | |
| 776 | 0 | 8 | |i Haddad, Mona |a Decomposing the great trade collapse |
| 856 | 4 | 0 | |u https://doi.org/10.1596/1813-9450-5749 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033645381 | |
Datensatz im Suchindex
| _version_ | 1824556155007926272 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Haddad, Mona |
| author_facet | Haddad, Mona |
| author_role | aut |
| author_sort | Haddad, Mona |
| author_variant | m h mh |
| building | Verbundindex |
| bvnumber | BV048265187 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)NLM010328459 (OCoLC)1075177987 (DE-599)GBVNLM010328459 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/1813-9450-5749 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a2200000zcb4500</leader><controlfield tag="001">BV048265187</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220609s2011 |||| o||u| ||||||eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1596/1813-9450-5749</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)NLM010328459</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1075177987</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM010328459</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Haddad, Mona</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Decomposing the great trade collapse</subfield><subfield code="b">products, prices, and quantities in the 2008-2009 crisis</subfield><subfield code="c">Mona Haddad, Ann Harrison, Catherine Hausman</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, MA</subfield><subfield code="b">National Bureau of Economic Research</subfield><subfield code="c">2011</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">NBER working paper series</subfield><subfield code="v">working paper 16253</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references. - Title from PDF file as viewed on 9/21/2010</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">"We identify a new set of stylized facts on the 2008-2009 trade collapse that we hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in international trade into product entry and exit, price changes, and quantity changes for imports by Brazil, the European Union, Indonesia, and the United States. When we aggregate across all products, most of the countries analyzed experienced a decline in new products, a rise in product exit, and falls in quantity for product lines that continued to be traded. The evidence suggests that the intensive rather than extensive margin mattered the most, consistent with studies of other countries and previous recessionary periods. On average, quantities declined and prices fell. However, these average effects mask enormous differences across different products. Price declines were driven primarily by commodities. Within manufacturing, while most quantity changes were negative, in most cases price changes moved in the opposite direction. Consequently, within manufacturing, there is some evidence consistent with the hypothesis that supply side frictions played a role. For the United States, price increases were most significant in sectors which are typically credit constrained"--National Bureau of Economic Research web site</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Harrison, Ann</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Hausman, Catherine</subfield><subfield code="d">1958-</subfield><subfield code="4">oth</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">National Bureau of Economic Research</subfield><subfield code="4">oth</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Haddad, Mona</subfield><subfield code="a">Decomposing the great trade collapse</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1596/1813-9450-5749</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033645381</subfield></datafield></record></collection> |
| id | DE-604.BV048265187 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:59:51Z |
| indexdate | 2025-02-20T07:19:03Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033645381 |
| oclc_num | 1075177987 |
| open_access_boolean | 1 |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| physical | 1 Online-Ressource |
| psigel | ZDB-1-WBA |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series2 | NBER working paper series |
| spellingShingle | Haddad, Mona Decomposing the great trade collapse products, prices, and quantities in the 2008-2009 crisis |
| title | Decomposing the great trade collapse products, prices, and quantities in the 2008-2009 crisis |
| title_auth | Decomposing the great trade collapse products, prices, and quantities in the 2008-2009 crisis |
| title_exact_search | Decomposing the great trade collapse products, prices, and quantities in the 2008-2009 crisis |
| title_exact_search_txtP | Decomposing the great trade collapse products, prices, and quantities in the 2008-2009 crisis |
| title_full | Decomposing the great trade collapse products, prices, and quantities in the 2008-2009 crisis Mona Haddad, Ann Harrison, Catherine Hausman |
| title_fullStr | Decomposing the great trade collapse products, prices, and quantities in the 2008-2009 crisis Mona Haddad, Ann Harrison, Catherine Hausman |
| title_full_unstemmed | Decomposing the great trade collapse products, prices, and quantities in the 2008-2009 crisis Mona Haddad, Ann Harrison, Catherine Hausman |
| title_short | Decomposing the great trade collapse |
| title_sort | decomposing the great trade collapse products prices and quantities in the 2008 2009 crisis |
| title_sub | products, prices, and quantities in the 2008-2009 crisis |
| url | https://doi.org/10.1596/1813-9450-5749 |
| work_keys_str_mv | AT haddadmona decomposingthegreattradecollapseproductspricesandquantitiesinthe20082009crisis AT harrisonann decomposingthegreattradecollapseproductspricesandquantitiesinthe20082009crisis AT hausmancatherine decomposingthegreattradecollapseproductspricesandquantitiesinthe20082009crisis AT nationalbureauofeconomicresearch decomposingthegreattradecollapseproductspricesandquantitiesinthe20082009crisis |