Franklin

Input Substitutability and Cross-Country Variation in Sectoral Linkages [electronic resource] / Sinha, Rishabh.

Author/Creator:
Sinha, Rishabh., author
Other Title:
World Bank working papers.
Publication:
Washington, D.C. : The World Bank, 2019.
Series:
Policy research working papers.
World Bank e-Library.
Format/Description:
Government document
Book
1 online resource (16 pages)
Local subjects:
Agriculture
Business Cycles and Stabilization Policies
Common Carriers Industry
Construction Industry
Distortions
Food and Beverage Industry
Food Security
General Manufacturing
Input
Intermediate Markets
International Trade and Trade Rules
Macroeconomics and Economic Growth
Mining and Extractive Industry (Non-Energy)
Plastics and Rubber Industry
Pulp and Paper Industry
Sectoral Linkages
Substitutability
Textiles, Apparel and Leather Industry
Transport
Summary:
Using panel data on input-output intensities and expenditure prices from 28 countries, this paper finds the elasticity of substitution across sectoral inputs to be less than one in each of the three broad sectors of the economy. Intermediates are most complementary in the production of services while it is easiest to substitute across intermediates in the production of agricultural goods. Differences in relative prices alone account for a non-trivial fraction of the cross-country variation in sectoral linkages. Abstracting from the price channel that allows for substitution across inputs in response to changes in relative prices delivers biased aggregate implications of changes in productivity and distortions.
Contributor:
Sinha, Rishabh.
Other format:
Print Version: Sinha, Rishabh. Input Substitutability and Cross-Country Variation in Sectoral Linkages.
Publisher Number:
10.1596/1813-9450-8770
Access Restriction:
Restricted for use by site license.
Location Notes Your Loan Policy
Description Status Barcode Your Loan Policy