Replication data for: Trade and the Global Recession

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Replication			10/11/2019 11:04:PM
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Project Citation:

Eaton, Jonathan, Kortum, Samuel, Neiman, Brent, and Romalis, John. Replication data for: Trade and the Global Recession. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112860V1

Project Description

Summary: We develop a dynamic multicountry general equilibrium model to investigate forces acting on the global economy during the Great Recession and ensuing recovery. Our multisector framework accounts completely for countries' trade, investment, production, and GDPs in terms of different sets of shocks. Applying the model to 21 countries, we investigate the 29 percent drop in world trade in manufactures during the period 2008-2009. A shift in final spending away from tradable sectors, largely caused by declines in durables investment efficiency, accounts for most of the collapse in trade relative to GDP. Shocks to trade frictions, productivity, and demand play minor roles.

Scope of Project

JEL Classification:
      E22 Investment; Capital; Intangible Capital; Capacity
      E32 Business Fluctuations; Cycles
      F10 Trade: General
      F44 International Business Cycles

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Published Versions

V1 [2019-10-11]

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