紀要論文

紀要論文

text

国際公共政策研究. 2018, 23(1), p. 35-50

Trade in Intermediates and Final Products, Trade in Services and Goods : Implications of Differences in Their Determinants

大阪大学国際公共政策学会

英語

text

2018-09

With the growing integration of the world economy, there have been more and more studies looking at trade and its various effects on different aspects of the economy. Many of these studies, however, focus merely on manufacturing industries or products. This paper attempts to show how different kinds of trade other than manufacturing also matter, and reveal their distinct features. This study uses product-level international bilateral trade panel data for the period 1995 to 2009, covering 40 countries. Constructing this dataset into a gravity model, this paper aims to clarify what makes trade in intermediates different from final products, and total trade in goods different from total trade in services. This paper estimates this gravity model in its multiplicative form using the Poisson pseudo-maximum likelihood estimator. Estimation results show that the demand for intermediate inputs tend to be less subject to consumers’ preferences and rather rely more on geographical proximity compared to final products. In addition, current regional trade agreements and trade partnerships still tend to be goods oriented and have scope to cover aspects of services trade. Consequently, this study illustrates the importance of distinguishing trade in different products and whether they are for intermediate use or final consumption.

10.18910/70590

70590

Trade in Intermediates and Final Products, Trade in Services and Goods : Implications of Differences in Their Determinants

Yane, Haruka

大阪大学国際公共政策学会

英語

2018-09

国際公共政策研究

23

1

35

50

https://hdl.handle.net/11094/70590

10.18910/70590

https://doi.org/10.18910/70590