The size of the tradable and non-tradable sectors: Evidence from input–output tables for 25 countries

Giovanni Lombardo and Federico Ravenna

Economics Letters, 2012, vol. 116, issue 3, 558-561

Abstract: We compute the tradable and non-tradable input shares for consumption and investment from the latest release of OECD input–output tables. We document that input shares (the content of tradable and non-tradable goods per unit of final demand) differ substantially from final demand shares (the amount of tradable and non-tradable goods directly demanded for consumption or investment purposes). The deviation is especially large for investment expenditures. Non-tradable share estimates are essential to correctly parameterize multi-sector DSGE open economy models.

Keywords: International trade; Input–output tables; Non-tradable goods (search for similar items in EconPapers)
JEL-codes: F1 F4 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (38)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:3:p:558-561

DOI: 10.1016/j.econlet.2012.05.047

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