Global value chain participation affects the exchange rate pass-through to export prices and export volumes. The paper develops a partial equilibrium model of international trade with cross-border production and shows that higher participation in global value chains reduces the elasticities. Specifically, a higher share of foreign value added in exports reduces the exchange rate pass-through to export prices and export volumes. A greater share of...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2018/07/13
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Рабочий документ в рамках исследования вопросов политики
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WPS8535
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1
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1
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2018/07/13
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Disclosed
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Bought, sold, and bought again : the impact of complex value chains on export elasticities
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global value chain
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Официальная версия документа (может содержать подписи, и т.д.)