International trade transmission channel of a local crisis: a simple model
We propose a linear general interdependence model of the world economy, and use United Nations Statistics Division data to estimate its parameters. This allows us to assess the propagation through the channel of international trade of an exogenous shock to one country’s autonomous expenditures, ther...
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| Formato: | Objeto de conferencia |
| Lenguaje: | Inglés |
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2008
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| Acceso en línea: | http://sedici.unlp.edu.ar/handle/10915/173851 |
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I19-R120-10915-1738512024-11-29T20:37:04Z http://sedici.unlp.edu.ar/handle/10915/173851 International trade transmission channel of a local crisis: a simple model Cerdeiro, Diego Alejandro Wirkierman, Ariel 2008-11 2008 2024-11-29T15:15:11Z en Ciencias Económicas World trade multiplier Linear general interdependence models InputOutput analysis Multiplicador del comercio internacional Modelos de interdependencia general lineales Análisis Insumo-Producto We propose a linear general interdependence model of the world economy, and use United Nations Statistics Division data to estimate its parameters. This allows us to assess the propagation through the channel of international trade of an exogenous shock to one country’s autonomous expenditures, thereby constructing a “vulnerability ranking” for the countries in the sample to an exogenous shock to any of them. The response of the system to a negative shock to the United States autonomous outlays is carried out as an example. Though subject to Lucas critique-type of arguments, these comparative statics results might be useful for policy analysis. Proponemos un modelo de interdependencia general lineal para la economía mundial, y utilizamos datos de la División Estadística de las Naciones Unidas para estimar sus parámetros. Esto nos permite evaluar la propagación de un shock exógeno a los gastos autónomos de un país mediante el canal del comercio internacional, pudiendo construir un “ranking de vulnerabilidad” para los países de la muestra frente a un shock a cualquiera de ellos. La respuesta del sistema a un shock negativo sobre los gastos autónomos de Estados Unidos es llevado a cabo como ejemplo. Si bien sujeto a argumentos del tipo de críticas de Lucas, estos resultados de estática comparativa pueden ser útiles para análisis de política. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf |
| institution |
Universidad Nacional de La Plata |
| institution_str |
I-19 |
| repository_str |
R-120 |
| collection |
SEDICI (UNLP) |
| language |
Inglés |
| topic |
Ciencias Económicas World trade multiplier Linear general interdependence models InputOutput analysis Multiplicador del comercio internacional Modelos de interdependencia general lineales Análisis Insumo-Producto |
| spellingShingle |
Ciencias Económicas World trade multiplier Linear general interdependence models InputOutput analysis Multiplicador del comercio internacional Modelos de interdependencia general lineales Análisis Insumo-Producto Cerdeiro, Diego Alejandro Wirkierman, Ariel International trade transmission channel of a local crisis: a simple model |
| topic_facet |
Ciencias Económicas World trade multiplier Linear general interdependence models InputOutput analysis Multiplicador del comercio internacional Modelos de interdependencia general lineales Análisis Insumo-Producto |
| description |
We propose a linear general interdependence model of the world economy, and use United Nations Statistics Division data to estimate its parameters. This allows us to assess the propagation through the channel of international trade of an exogenous shock to one country’s autonomous expenditures, thereby constructing a “vulnerability ranking” for the countries in the sample to an exogenous shock to any of them. The response of the system to a negative shock to the United States autonomous outlays is carried out as an example. Though subject to Lucas critique-type of arguments, these comparative statics results might be useful for policy analysis. |
| format |
Objeto de conferencia Objeto de conferencia |
| author |
Cerdeiro, Diego Alejandro Wirkierman, Ariel |
| author_facet |
Cerdeiro, Diego Alejandro Wirkierman, Ariel |
| author_sort |
Cerdeiro, Diego Alejandro |
| title |
International trade transmission channel of a local crisis: a simple model |
| title_short |
International trade transmission channel of a local crisis: a simple model |
| title_full |
International trade transmission channel of a local crisis: a simple model |
| title_fullStr |
International trade transmission channel of a local crisis: a simple model |
| title_full_unstemmed |
International trade transmission channel of a local crisis: a simple model |
| title_sort |
international trade transmission channel of a local crisis: a simple model |
| publishDate |
2008 |
| url |
http://sedici.unlp.edu.ar/handle/10915/173851 |
| work_keys_str_mv |
AT cerdeirodiegoalejandro internationaltradetransmissionchannelofalocalcrisisasimplemodel AT wirkiermanariel internationaltradetransmissionchannelofalocalcrisisasimplemodel |
| _version_ |
1824075661596164096 |