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This report is a supplement to the larger input-output model being prepared for 1963, and is aimed at providing general guidance to those interested in a variety of fields such as economic development, marketing, labor utilization and resource development.
Intermediate goods --- Missouri --- Missouri --- Economic conditions. --- Commerce.
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"The international fragmentation of current production processes has led to an explosion of trade in intermediate products, indirectly impacting jobs, income, resources, energy, and emissions. Much of what is consumed is produced via global value chains contributing to climate change via carbon dioxide emissions. The editors analyse the complex interdependent international production structures and their links to social inequality and the environment, which has led to a demand for international input-output tables. Including an original introduction the new volumes comprehensively present research that has advanced the state of the art in input-output analysis over the past two decades"--
Intermediate goods --- Intermediate goods --- International trade --- Sustainable development. --- Input-output analysis. --- Economic aspects. --- Environmental aspects. --- Environmental aspects.
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Imports. --- Intermediate goods. --- Industrial procurement. --- Vertical integration. --- Production management. --- International trade.
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The average price of cement in Africa was the highest of any continent in 2011, but by 2017 it had fallen by 35 percent, the largest decline in the world, according to data from the International Comparison Program. An empirical industry equilibrium model distinguishes between the fundamental drivers of differences in prices across countries: demand elasticity, costs, conduct, and entry. The model reveals that in 2011 average prices in Africa included the highest markups and marginal costs in the world. The price decline in 2017 is accounted for by a rapid increase in the number of firms producing cement, which lowered markups, and a declining marginal cost of production. Improvements in the quality of infrastructure or institutions could explain declining marginal costs, as could new technology installed by new entrants. Estimated fixed costs of entry are positive, although not systematically higher in Africa compared with other continents, suggesting equally free entry in the presence of a minimum efficient scale that does not vary across continents. These results suggest that the small size of national markets rather than regulation of entry explains why the price of cement was so high in Africa. As the market has grown, prices have fallen.
Cement --- Construction Industry --- Demand Elasticity --- Firm Entry --- Industrial Economics --- Industry --- Intermediate Goods Price --- Market Power --- Oligopoly
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International supply chains require the coordination of numerous activities across multiple countries and firms. This paper develops a theoretical model of supply chains in which the measure of tasks completed within a firm is determined by parameters that define transaction costs and the cost of coordinating more activities within the firm. The structural parameters that govern these costs explain variation in supply chain length as well as cross-country variation in gross-output-to-value-added ratios. The structural parameters are linked to comparative advantage along and across supply chains. The paper provides an analytical treatment of trade and welfare responses to trade cost change in a simple two-country model. To explore the models implications in a richer setting, the model is calibrated to match key observables in East Asia, and the calibrated model is used to evaluate implications of changes in model parameters for trade, welfare, the length of supply chains, and countries relative position within them.
Boundary of the firm --- Economic theory & research --- Emerging markets --- Fragmentation of production --- Free trade --- International economics & trade labor policies --- Macroeconomics and economic growth --- Private sector development --- Social protections and labor --- Trade in intermediate goods --- Trade policy --- Transaction costs
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The authors show in this paper that increasing the transparency of the trading environment can be an important complement to traditional liberalization of tariff and non-tariff barriers. Our definition of transparency is grounded in a transaction cost analysis. The authors focus on two dimensions of transparency: predictability (reducing the cost of uncertainty) and simplification (reducing information costs). Using the Asia Pacific Economic Cooperation (APEC) member economies as a case study, the authors construct indices of importer and exporter transparency for the region from a wide range of sources. Our results from a gravity model suggest that improving trade-related transparency in APEC could hold significant benefits by raising intra-APEC trade by proximately USD 148 billion or 7.5 pecent of baseline trade in the region.
Cost Analysis --- Economic Development --- Economic Theory and Research --- Empirical Evidence --- Empirical Research --- Environment --- Environmental Economics and Policies --- Intermediate Goods --- Macroeconomics and Economic Growth --- Policy Instruments --- Producers --- Property Rights --- Transaction Costs --- Welfare Gains
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International supply chains require the coordination of numerous activities across multiple countries and firms. This paper develops a theoretical model of supply chains in which the measure of tasks completed within a firm is determined by parameters that define transaction costs and the cost of coordinating more activities within the firm. The structural parameters that govern these costs explain variation in supply chain length as well as cross-country variation in gross-output-to-value-added ratios. The structural parameters are linked to comparative advantage along and across supply chains. The paper provides an analytical treatment of trade and welfare responses to trade cost change in a simple two-country model. To explore the models implications in a richer setting, the model is calibrated to match key observables in East Asia, and the calibrated model is used to evaluate implications of changes in model parameters for trade, welfare, the length of supply chains, and countries relative position within them.
Boundary of the firm --- Economic theory & research --- Emerging markets --- Fragmentation of production --- Free trade --- International economics & trade labor policies --- Macroeconomics and economic growth --- Private sector development --- Social protections and labor --- Trade in intermediate goods --- Trade policy --- Transaction costs
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The authors show in this paper that increasing the transparency of the trading environment can be an important complement to traditional liberalization of tariff and non-tariff barriers. Our definition of transparency is grounded in a transaction cost analysis. The authors focus on two dimensions of transparency: predictability (reducing the cost of uncertainty) and simplification (reducing information costs). Using the Asia Pacific Economic Cooperation (APEC) member economies as a case study, the authors construct indices of importer and exporter transparency for the region from a wide range of sources. Our results from a gravity model suggest that improving trade-related transparency in APEC could hold significant benefits by raising intra-APEC trade by proximately USD 148 billion or 7.5 pecent of baseline trade in the region.
Cost Analysis --- Economic Development --- Economic Theory and Research --- Empirical Evidence --- Empirical Research --- Environment --- Environmental Economics and Policies --- Intermediate Goods --- Macroeconomics and Economic Growth --- Policy Instruments --- Producers --- Property Rights --- Transaction Costs --- Welfare Gains
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This paper estimates the effects of trade liberalization on plant productivity. In contrast to previous studies, we distinguish between productivity gains arising from lower tariffs on final goods relative to lower tariffs on intermediate inputs. Lower output tariffs can produce productivity gains by inducing tougher import competition whereas cheaper imported inputs can raise productivity via learning, variety, or quality effects. We use Indonesian manufacturing census data from 1991 to 2001, which includes plant-level information on imported inputs. The results show that the largest gains arise from reducing input tariffs. A 10 percentage point fall in output tariffs increases productivity by about 1 percent, whereas an equivalent fall in input tariffs leads to a 3 percent productivity gain for all firms and an 11 percent productivity gain for importing firms.
Electronic books. -- local. --- Free trade -- Indonesia. --- Industrial productivity -- Indonesia. --- Intermediate goods -- Indonesia. --- International trade. --- Exports and Imports --- Taxation --- Production and Operations Management --- Trade Policy --- International Trade Organizations --- Trade: General --- Macroeconomics: Production --- Production --- Cost --- Capital and Total Factor Productivity --- Capacity --- Human Capital --- Skills --- Occupational Choice --- Labor Productivity --- Public finance & taxation --- Macroeconomics --- International economics --- Tariffs --- Imports --- Productivity --- Total factor productivity --- Labor productivity --- Tariff --- Industrial productivity --- Indonesia --- Free trade --- Intermediate goods
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