MARC Record from Library of Congress

LEADER: 02227nam a22003017a 4500
001 2010656045
003 DLC
005 20100527122343.0
007 cr |||||||||||
008 100527s2010 mau sb 000 0 eng
010 $a 2010656045
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aLevchenko, Andrei A.
245 14 $aThe collapse of international trade during the 2008-2009 crisis$h[electronic resource] :$bin search of the smoking gun /$cAndrei A. Levchenko, Logan T. Lewis, Linda L. Tesar.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2010.
490 1 $aNBER working paper series ;$vworking paper 16006
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 5/27/2010.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"One of the most striking aspects of the recent recession is the collapse in international trade. This paper uses disaggregated data on U.S. imports and exports to shed light on the anatomy of this collapse. We find that the recent reduction in trade relative to overall economic activity is far larger than in previous downturns. Information on quantities and prices of both domestic absorption and imports reveals a 40% shortfall in imports, relative to what would be predicted by a simple import demand relationship. In a sample of imports and exports disaggregated at the 6-digit NAICS level, we find that sectors used as intermediate inputs experienced significantly higher percentage reductions in both imports and exports. We also find support for compositional effects: sectors with larger reductions in domestic output had larger drops in trade. By contrast, we find no support for the hypothesis that trade credit played a role in the recent trade collapse"--National Bureau of Economic Research web site.
700 1 $aLewis, Logan T.
700 1 $aTesar, Linda L.$q(Linda Louise),$d1961-
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 16006.
856 40 $uhttp://www.nber.org/papers/w16006