Singapore’s Export Elasticities: A Disaggregated Look into the Role of Global Value Chains and Economic Complexity

Elif Arbatli Saxegaard and Gee Hee Hong

No 2016/052, IMF Working Papers from International Monetary Fund

Abstract: Singapore is one of the world’s most open economies, with the size of its trade reaching about 350 percent of its GDP. With the rise of highly diversified cross-border production networks, Singapore has come to play an integral role in the global supply chain with heavy reliance on foreign contents in its exports and production. It has also successfully moved up the value chain, exporting goods with high sophistication and economic complexity. Against this backdrop, in this paper, using disaggregate industry/product level trade data, we revisit Singapore’s export elasticities and find that growing participation in global production chains and rising export complexity are important determinants.

Keywords: WP; export; product; elasticity; export elasticity; trade; Trade elasticities; trade structure; global supply chain; economic complexity; product mix; export volume; export orientation; export products; trade elasticities decline; trade elasticity; product complexity; petroleum products sector stand; Exports; Price elasticity; Export prices; Imports; Demand elasticity; Global (search for similar items in EconPapers)
Pages: 19
Date: 2016-03-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=43775 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2016/052

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().