Élasticités-prix du commerce international. Nouvelles estimations macro-économétriques pour six grands pays

Bruno Ducoudré, Iris Guezennec, Eric Heyer, Chloé Lavest and Lucas Pérez

Revue de l'OFCE, 2019, vol. N° 163, issue 3, 251-280

Abstract: In this article, we evaluate aggregate price elasticities of international trade for six major developed countries: France, Germany, Italy, Spain, the United Kingdom and the United States. Essentially based on data provided by the national accounts, the demand addressed to each country is derived from a new OFCE database of global trade flows and prices covering trade in goods and services. Our estimates for export volumes show that Italy and Spain are the two most sensitive countries to a change in relative prices. As for price elasticities of export prices, the United States stands out with an elasticity of 0.23, well below those estimated for other countries of around 0.5, reflecting the market power of American firms. As regards imports, Spain and the UK have the highest price elasticities (respectively 0.92 and 0.99).

Keywords: price elasticities; exchange rate; pass through; international trade (search for similar items in EconPapers)
Date: 2019
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Related works:
Working Paper: Elasticités-prix du commerce international: Nouvelles estimations macro-économétriques pour six grands pays (2019)
Working Paper: Elasticités-prix du commerce international: Nouvelles estimations macro-économétriques pour six grands pays (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:cai:reofsp:reof_163_0251

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