Global Value Chains and Effective Exchange Rates at the Country-Sector Level

GSTDTAP > 气候变化

	Global Value Chains and Effective Exchange Rates at the Country-Sector Level
	[unavailable]
	2017-12-26
出版年	2017
语种	英语
国家	国际
领域	气候变化
英文摘要	With the rising prominence of global value chains, standard models for measuring price competitiveness using the real exchange rate are increasingly becoming obsolete. The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within a country participate in international production sharing in different ways, sector level variations are also important for determining competitiveness. Incorporating these features, we develop a framework to compute REER at the sector, country, and bilateral level and apply it on inter-country input-output tables to study the properties of the new measures of REER for 35 sectors in 40 countries. WORKING PAPER NO: 799
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来源平台	Asian Development Bank
文献类型	科技报告
条目标识符	http://119.78.100.173/C666/handle/2XK7JSWQ/234616
专题	气候变化
推荐引用方式 GB/T 7714	[unavailable]. Global Value Chains and Effective Exchange Rates at the Country-Sector Level,2017.