The size of the tradable and non-tradable sectors: Evidence from input-output tables for 25 countries

被引:18
|
作者
Lombardo, Giovanni [2 ]
Ravenna, Federico [1 ]
机构
[1] HEC Montreal, Inst Appl Econ, Montreal, PQ, Canada
[2] European Cent Bank, Frankfurt, Germany
关键词
International trade; Input-output tables; Non-tradable goods; NONTRADABLE GOODS; TRADE;
D O I
10.1016/j.econlet.2012.05.047
中图分类号
F [经济];
学科分类号
02 ;
摘要
We compute the tradable and non-tradable input shares for consumption and investment from the latest release of OECD input-output tables. We document that input shares (the content of tradable and non-tradable goods per unit of final demand) differ substantially from final demand shares (the amount of tradable and non-tradable goods directly demanded for consumption or investment purposes). The deviation is especially large for investment expenditures. Non-tradable share estimates are essential to correctly parameterize multi-sector DSGE open economy models. (C) 2012 Elsevier B.V. All rights reserved.
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页码:558 / 561
页数:4
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