TY - BOOK ID - 134372150 TI - Fragmentation in Global Trade: Accounting for Commodities AU - Bolhuis, Marijn. AU - Chen, Jiaqian. AU - Kett, Benjamin. PY - 2023 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Economics: General KW - Exports and Imports KW - Investments: Commodities KW - Neoclassical Models of Trade KW - Models of Trade with Imperfect Competition and Scale Economies KW - Empirical Studies of Trade KW - Economic Integration KW - Trade: Forecasting and Simulation KW - Open Economy Macroeconomics KW - International Policy Coordination and Transmission KW - Economic Growth of Open Economies KW - Agriculture in International Trade KW - Renewable Resources and Conservation: Issues in International Trade KW - Energy and the Macroeconomy KW - Commodity Markets KW - Trade Policy KW - International Trade Organizations KW - Retail and Wholesale Trade KW - e-Commerce KW - Agriculture: General KW - Economic & financial crises & disasters KW - Economics of specific sectors KW - International economics KW - Investment & securities KW - Commodities KW - Trade barriers KW - International trade KW - Commodity trade KW - Trade balance KW - Agricultural commodities KW - Currency crises KW - Informal sector KW - Economics KW - Commercial products KW - Commercial policy KW - Balance of trade KW - Farm produce KW - China, People's Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:134372150 AB - We construct a new database which covers production and trade in 136 primary commodities and 24 manufacturing and service sectors for 145 countries. Using this new more granular data, we estimate spillover effects from plausible trade fragmentation scenarios in a new multi-country, multi-sector, general-equilibrium model that accounts for unique demand and supply characteristics of commodities. The results show fragmentation-induced output losses can be sizable, especially for Low-Income-Countries, although the magnitudes vary according to the particular scenarios and modelling assumptions. Our work demonstrates that not accounting for granular commodity production and trade linkages leads to underestimation of the output losses associated with trade fragmentation. ER -