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- ISIDORE Id: 10670/1.b23f7e...
- hal: hal-01870896
- doi: 10.1016/j.jinteco.2018.08.011
- SCIENCESPO: 2441/3lmdaefcr886ao8sahjmam30ke
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.jinteco.2018.08.011
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/hdl/2441/3lmdaefcr886ao8sahjmam30ke
http://creativecommons.org/licenses/by-nc-nd/ , info:eu-repo/semantics/OpenAccess
Mots-clés
Elasticity International Trade and Macroeconomics Export Price Firm exports Firm Exports F - International Economics/F.F1 - Trade/F.F1.F14 - Empirical Studies of Trade F - International Economics/F.F1 - Trade/F.F1.F18 - Trade and Environment Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q56 - Environment and Development • Environment and Trade • Sustainability • Environmental Accounts and Accounting • Environmental Equity • Population GrowthSujets proches
Elastic properties Young's modulus ElasticityCiter ce document
Lionel Fontagné et al., « The International Elasticity Puzzle Is Worse Than You Think », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1016/j.jinteco.2018.08.011
Métriques
Partage / Export
Résumé
We instrument export prices with firm level electricity cost shocks and estimate three international price elasticities using firm-level export data: the elasticity of firm exports to export price, tariff and real exchange rate shocks. In standard models these three elasticities should be equal. We find that this is far from being the case. The export price elasticity is the highest, around 5, much larger than the exchange rate elasticity. The international elasticity puzzle is therefore worse than previously thought. We also show that exporters absorb one third of tariff changes in their export prices. Because we take into account this reaction of export prices to tariffs, our estimate of the tariff elasticity corrects from this omitted-variable bias.
