Input Substitutability and Cross-Country Variation in Sectoral Linkages [electronic resource] / Sinha, Rishabh.
- Other Title:
- World Bank working papers.
- Washington, D.C. : The World Bank, 2019.
- Policy research working papers.
World Bank e-Library.
- Government document
1 online resource (16 pages)
- Local subjects:
Business Cycles and Stabilization Policies
Common Carriers Industry
Food and Beverage Industry
International Trade and Trade Rules
Macroeconomics and Economic Growth
Mining and Extractive Industry (Non-Energy)
Plastics and Rubber Industry
Pulp and Paper Industry
Textiles, Apparel and Leather Industry
- 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.
- Sinha, Rishabh.
- Other format:
- Print Version: Sinha, Rishabh. Input Substitutability and Cross-Country Variation in Sectoral Linkages.
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
|Location||Notes||Your Loan Policy|
|Description||Status||Barcode||Your Loan Policy|