Bought, sold, and bought again : the impact of complex value chains on export elasticities (English)

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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Author

De Soyres,Francois Michel Marie Raphael;

Frohm,Erik;

Gunnella,Vanessa;

Pavlova,Elena;
Document Date
2018/07/13
Document Type
Policy Research Working Paper
Report Number
WPS8535
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2018/07/13
Disclosure Status
Disclosed
Doc Name
Bought, sold, and bought again : the impact of complex value chains on export elasticities
Keywords
global value chain

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Citation

De Soyres,Francois Michel Marie Raphael; Frohm,Erik; Gunnella,Vanessa; Pavlova,Elena.

Bought, sold, and bought again : the impact of complex value chains on export elasticities (English). Policy Research working paper|no. WPS 8535 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/816441531511812643

Bought, sold, and bought again : the impact of complex value chains on export elasticities (English)

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