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Exchange rate elasticities of international tourism and the role of dominant currency pricing

Ding, Ding; Timmer, Yannick - 2022

We estimate a variety of exchange rate elasticities of international tourism. We show that, in addition to the … bilateral exchange rate between the tourism origin and destination countries, the exchange rate vis-a-vis the US dollar is also … an important driver of tourism flows and pricing. The effect of US dollar pricing is stronger for tourism destination …

Persistent link: https://www.econbiz.de/10013170287

Sectoral shocks and spillovers : an application to COVID-19

Das, Sonali; Magistretti, Giacomo; Pugacheva, Evgenia; … - 2021

This paper examines the role of sectoral spillovers in propagating sectoral shocks in the broader economy, both in the past and during the COVID-19 pandemic. In particular, we study how shocks that occur within a sector itself and spillovers from shocks to other sectors affect sectoral activity,...

Persistent link: https://www.econbiz.de/10012605501

The EU services directive : gains from further liberalization

Fernández Corugedo, Emilio; Pérez Ruiz, Esther - 2014

The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to...

Persistent link: https://www.econbiz.de/10012667444

COVID-19 and emerging markets : an epidemiological model with international production networks and capital flows

Çakmaklı, Cem; Demiralp, Selva; Kalemli-Ozcan, Sebnem; … - 2020

We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model. We measure sectoral supply shocks utilizing teleworking and physical job proximity, and demand shocks with credit card purchases. Both shocks are also affected from changing...

Persistent link: https://www.econbiz.de/10012299359

Effects of timeliness on the trade pattern between primary and processed goods

Baniya, Suprabha - 2017

This paper investigates the effect of timeliness in accessing the intermediate inputs on the trade pattern. In particular, any country that has a higher ability to transport goods on time has a comparative advantage in industries that place a higher value on the timely delivery of their inputs,...

Persistent link: https://www.econbiz.de/10011716655

Internal trade in Canada : case for liberalization

Alvarez, Jorge; Krznar, Ivo; Tombe, Trevor - 2019

This paper assesses the costs of internal trade barriers and proposes policies to improve internal trade. Estimates suggest that complete liberalization of internal trade in goods can increase GDP per capita by about 4 percent and reallocate employment towards provinces that experience large...

Persistent link: https://www.econbiz.de/10012102149

Transmission of domestic and external shocks through input-output network : evidence from Korean industries

Lee, Dongyeol - 2019

In the last two decades, manufacturing industries in Korea have become more concentrated, and interconnectedness across industries and to foreign countries has risen via vertical relationships and trade linkages. This paper investigates the transmission of economic shocks in such a highly...

Persistent link: https://www.econbiz.de/10012022013

Calculating trade in value added

Aslam, Aqib; Novta, Natalija; Bastos, Fabiano Rodrigues - 2017

This paper sets out the key concepts necessary to calculate trade in value added using input-output tables. We explain the basic structure of an input-output table and the matrix algebra behind the computation of trade in value added statistics. Specifically, we compute measures of domestic...

Persistent link: https://www.econbiz.de/10011705346

Demand for value added and value-added exchange rates

Bems, Rudolfs; Johnson, Robert C. - 2015

We examine the role of cross-border input linkages in governing how international relative price changes influence demand for domestic value added. We define a novel value-added real effective exchange rate (REER), which aggregates bilateral value-added price changes, and link this REER to...

Persistent link: https://www.econbiz.de/10011373959

Demand Spillovers and the Collapse of Trade in the Global Recession

Yi, Kei-Mu - 2010

This paper uses a global input-output framework to quantify US and EU demand spillovers and the elasticity of world trade to GDP during the global recession of 2008-2009. We find that 20-30 percent of the decline in the US and EU demand was borne by foreign countries, with NAFTA, Emerging...

Persistent link: https://www.econbiz.de/10014402796

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