Demand Spillovers and the Collapse of Trade in the Global Recession

By Rudolfs Bems, Robert C. Johnson, Kei-Mu Yi. Social Science Research Network, 2010

272 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0d222b734167b1d982da6152abac64e0148df7ab

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Citations in the corpus

The Great Retrenchment: International Capital Flows During the Global Financial Crisis (2011, unknown): “As widely documented (see, for example, Bems et al., 2010) the collapse in world trade in late 2008 has hit hardest countries more reliant on manufacturing activity.”
Supply-Chain Trade: A Portrait of Global Patterns and Several Testable Hypotheses (2013, unknown): “…has been shown by many (Dallas Fed 2002, Feenstra and Hanson 1996, Ando and Kimura 2005, and Fukao, Ishito, and Ito 2003) and the trade changes by many others (Hummels, Ishii, and Yi 2001, Yi 2003, Bems, Johnson, and Yi 2010, Koopman, Powers, Wang, and Wei 2011, and Johnson and Noguera 2012a,b).”
The Global Trade Slowdown: Cyclical or Structural? (2015, unknown): “Bems et al. (2013) have a recent survey.”
The Great Recession: US dynamics and spillovers to the world economy (2012, background): “%) during the current crisis, and with Berken et al. (2009), Bems et al. (2010) and Grossman and Meissner (2010), pointing to the importance of the trade channel, particularly for countries exporting manufacturing and durable goods.”
Vertical Linkages and the Collapse of Global Trade (2011, unknown): “Combining the market clearing conditions for many countries, we show in Bems, Johnson, and Yi (2010) that changes in output are linear combinations of changes in final demand: ̂() = X X ( )̂ () (3) where ( ) records the share of output from sector in country used directly or indirectly to…”
Firms in international trade (2016, background): “Berman and Héricourt (2010) use firm-level data from nine emerging economies and also find that financial health correlates with export status, but it does not increase the probability of remaining an exporter nor the size of exports.”
Proximity and Production Fragmentation (2012, background): “3 In our work below, we focus on comparing these value added exports to gross 1See also Bems, Johnson, and Yi (2010), Trefler and Zhu (2010), Daudin, Rifflart, and Schweisguth (2011), Erumban, Los, Stehrer, Timmer, and de Vries (2011), and Koopman, Powers, Wang, and Wei (2011).”
Five Facts about Value-Added Exports and Implications for Macroeconomics and Trade Research (2014, methodology): “5 In Bems, Johnson, and Yi (2010, 2011), we use a Leontief assumption to derive the same result from a global input-output accounting framework.”
Trade and the global recession (2016, unknown): “Using multi-country trade and production data, Bems, Johnson, and Yi (2010) link changes in final demand during the recent recession to changes in trade flows throughout the global system, showing that the changing composition of GDP can largely account for the decline in trade.”
Openness and income: The roles of trade and migration (2014, background): “34 Recent studies such as Bems et al. (2010) and Johnson and Noguera (2012) have emphasized that with the increasing fragmentation of production across countries, (gross) trade flowsmay bemuch larger than the value added content of trade, especially for those countries doing a lot of processing…”