The Global Trade Slowdown

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  • The Global Trade Slowdown Book Detail

  • Author : Cristina Constantinescu
  • Release Date : 2015-01-21
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 44
  • ISBN 13 : 1498399134
  • File Size : 34,34 MB

The Global Trade Slowdown by Cristina Constantinescu PDF Summary

Book Description: This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.

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The Global Trade Slowdown

The Global Trade Slowdown

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This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error co

The Global Trade Slowdown

The Global Trade Slowdown

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This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error co

China and Asia in Global Trade Slowdown

China and Asia in Global Trade Slowdown

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Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China’s import growth slowed starkly, driven by both extern