Fragmentation in Global Trade: Accounting for Commodities
IMF Working Papers, March 24, 2023
Source details
- Canonical URL
- Fragmentation in Global Trade: Accounting for Commodities
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Bibliographic details
- Authors: Marijn A. Bolhuis, Jiaqian Chen, Benjamin R Kett
- Published: March 24, 2023
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400236563.001
Database and model
- New database coverage:
- 136 primary commodities
- 24 manufacturing and service sectors
- 145 countries
- Modeling approach:
- New multi-country, multi-sector, general-equilibrium model
- Model accounts for unique demand and supply characteristics of commodities
- Used to estimate spillover effects from plausible trade fragmentation scenarios
Key findings
- Fragmentation-induced output losses can be sizable.
- Low-Income-Countries are especially affected by output losses.
- Magnitudes of losses vary according to:
- Particular scenarios considered
- Modelling assumptions used
- Not accounting for granular commodity production and trade linkages leads to underestimation of the output losses associated with trade fragmentation.
Themes and subject coverage
- Subjects:
- Agricultural commodities
- Commodities
- Commodity trade
- International trade
- Trade balance
- Trade barriers
- Keywords:
- Agricultural commodities, Commodities, commodity production, Commodity trade, fragmentation, Global, international trade, output loss, sanctions, spillovers, Trade balance, Trade barriers, trade elasticity, trade fragmentation, trade linkages lead
Content in this bundle
- Working Paper