Vertical Trade Maps

Ferrarini, Benno

doi:10.1111/asej.12005

Cited by 35 publications

(30 citation statements)

References 33 publications

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“…Duernecker, Meyer and Vega-Redondo (2012) provide evidence on the importance of the integration of an economy into the global trade network for its rate of growth. 5 Our definition of the indicator is based on the version of Lafay's index defined in Bugamelli (2001): see also Zaghini (2005), Alessandrini et al (2011), andFerrarini andScaramozzino (2015).…”

Section: Complexity Production Adaptability and Tradementioning

confidence: 99%

“…To account also for vertical trade in the empirical investigation of the complexity-growth model, we employ the Network Trade Index (NTI) as a measure of the intensity of trade among countries participating in the international production networks (Ferrarini, 2013). The NTI is defined as the share of supplier j's components of industry s in country i's total imports of parts and components, weighted by the share of industry s in country i's total final good exports.…”

Section: Hidalgo and Hausmann (2009) And Hidalgo (2009) Define Producmentioning

confidence: 99%

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Production complexity, adaptability and economic growth

Ferrarini¹,

Scaramozzino

2016

Structural Change and Economic Dynamics

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This paper analyzes the impact of production complexity and its adaptability on the level of output and on its rate of growth. We develop an endogenous growth model where increased complexity raises the rate of economic growth but has an ambiguous effect on the level of output. Our empirical measure of production adaptability captures the proximity of production sectors within the product space, which we modify to reflect intra-industry trade and the international fragmentation of production. We test the model against a sample of 89 countries over the two decades to 2009 and find that its main predictions are validated.

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Section: Complexity Production Adaptability and Tradementioning

confidence: 99%

Section: Hidalgo and Hausmann (2009) And Hidalgo (2009) Define Producmentioning

confidence: 99%

Production complexity, adaptability and economic growth

Ferrarini¹,

Scaramozzino

2016

Structural Change and Economic Dynamics

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“…To account for vertical trade in our empirical investigation, we employ the network trade index (NTI), which is a newly developed measure capturing the intensity of trade among countries participating in the international production networks (Ferrarini 2013). The NTI is defined as the share of partner j's components of industry s in reporter i's total imports of parts and components, weighted by the share of industry s in country i's total final good exports.…”

mentioning

confidence: 99%

Complexity, Specialization, and Growth

Ferrarini

Scaramozzino

2013

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The views expressed in this paper are those of the author and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. Terms of use: Documents inADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use.By making any designation of or reference to a particular territory or geographic area, or by using the term "country" in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Note: In this publication, "$" refers to US dollars.The ADB Economics Working Paper Series is a forum for stimulating discussion and eliciting feedback on ongoing and recently completed research and policy studies undertaken by the Asian Development Bank (ADB) staff, consultants, or resource persons. The series deals with key economic and development problems, particularly those facing the Asia and Pacific region; as well as conceptual, analytical, or methodological issues relating to project/program economic analysis, and statistical data and measurement. The series aims to enhance the knowledge on Asia's development and policy challenges; strengthen analytical rigor and quality of ADB's country partnership strategies, and its subregional and country operations; and improve the quality and availability of statistical data and development indicators for monitoring development effectiveness.

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“…Equation (18) gives the BGP equilibrium growth rate of the economy's number of intermediate input varieties (N ). According to equation (19), income (y), consumption (c) and asset holdings (a), all expressed in per capita terms, grow at the same constant rate in the BGP equilibrium. Equation (20) gives the BGP value of the real rate of return on asset holdings (r).…”

Section: Proof See On-line Appendix Amentioning

confidence: 99%

Variety, Competition, and Population in Economic Growth: Theory and Empirics

Bucci¹,

Carbonari²,

Trovato³

2019

Macroecon. Dynam.

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We provide aggregate macroeconomic evidence on how, in the long-run, a diverse degree of complexity in production may affect not only the rate of economic growth, but also the correlation between the latter, population growth and the monopolistic (intermediate) markups. For a sample of OECD countries, we find that the impact of population change on economic growth is slightly positive. According to our theoretical model, this implies that the losses due to more complexity in production are lower than the corresponding specialization gains. Using a Finite Mixture Model, we also classify the countries in the sample and verify for each cluster the impact that the population growth rate and the intermediate sector's markups exert on the 5-year average real GDP growth rate.

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Vertical Trade Maps

Cited by 35 publications

References 33 publications

Production complexity, adaptability and economic growth

Production complexity, adaptability and economic growth

Complexity, Specialization, and Growth

Variety, Competition, and Population in Economic Growth: Theory and Empirics

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