000 01599cam a2200253 4500500
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041 _afre
042 _adc
100 1 0 _aDucoudré, Bruno
_eauthor
700 1 0 _a Guezennec, Iris
_eauthor
700 1 0 _a Heyer, Éric
_eauthor
700 1 0 _a Lavest, Chloé
_eauthor
700 1 0 _a Pérez, Lucas
_eauthor
245 0 0 _aInternational trade price elasticities
260 _c2020.
500 _a31
520 _aIn 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).
690 _aPrice elasticities
690 _ainternational trade
690 _aexchange rate
690 _apass through
786 0 _nRevue de l'OFCE | o 163 | 4 | 2020-02-09 | p. 251-280 | 1265-9576
856 4 1 _uhttps://shs.cairn.info/journal-revue-de-l-ofce-2019-4-page-251?lang=en&redirect-ssocas=7080
999 _c547230
_d547230