The DOI matches its Crossref record; 129 of the 129 references it cites were found in a registry or an index.
Trade and the Global Recession
Abstract
We develop a dynamic multicountry general equilibrium model to investigate forces acting on the global economy during the Great Recession and ensuing recovery. Our multisector framework accounts completely for countries' trade, investment, production, and GDPs in terms of different sets of shocks. Applying the model to 21 countries, we investigate the 29 percent drop in world trade in manufactures during the period 2008–2009. A shift in final spending away from tradable sectors, largely caused by declines in durables investment efficiency, accounts for most of the collapse in trade relative to GDP. Shocks to trade frictions, productivity, and demand play minor roles. (JEL E3, F1, F4)
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Cites
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Cited by
Gravity Equations: Workhorse,Toolkit, and Cookbook
Head, K., & Mayer, T. (2014) · Handbook of International Economics · doi:10.1016/b978-0-444-54314-1.00003-3 · Cited by 1,565
Estimates of the Trade and Welfare Effects of NAFTA
Caliendo, L., & Parro, F. (2015) · The Review of Economic Studies · doi:10.1093/restud/rdu035 · Cited by 1,518
Import Competition and the Great US Employment Sag of the 2000s
Acemoglu, D., Autor, D., Dorn, D., Hanson, G. H., & Price, B. (2016) · Journal of Labor Economics · doi:10.1086/682384 · Cited by 1,113
Shapiro, J. S., & Walker, R. (2018) · American Economic Review · doi:10.1257/aer.20151272 · Cited by 950
The great retrenchment: international capital flows during the global financial crisis
Milesi-Ferretti, G., & Tille, C. (2011) · Economic Policy · doi:10.1111/j.1468-0327.2011.00263.x · Cited by 686
Metadata
- Authors
- Eaton, J., Kortum, S., Neiman, B., & Romalis, J.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2016-11-01
- Volume
- 106
- Issue
- 11
- Pages
- 3401-3438
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3121662226
- Cited by
- 413
- References
- 115
- FWCI
- 91.39
- Type
- journal article
- Language
- en
- Open access
- closed
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