Publication:
Does the Global Trade Slowdown Matter?

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dc.contributor.authorConstantinescu, Cristina
dc.contributor.authorRuta, Michele
dc.contributor.authorMattoo, Aaditya
dc.date.accessioned2016-06-13T21:43:12Z
dc.date.available2016-06-13T21:43:12Z
dc.date.issued2016-05
dc.description.abstractSince the Global Financial Crisis, world trade growth has been subdued and lagging slightly behind growth of gross domestic product. Trade is growing more slowly not only because growth of global gross domestic product is lower, but also because trade itself has become less responsive to gross domestic product. This paper reviews the reasons behind the changing trade-income relationship, and then investigates its consequences for economic growth. On the demand side, sluggish world import growth may adversely affect individual countries' economic growth, as it limits opportunities for their exports. On the supply side, slower trade may diminish the scope for productivity growth through increasing specialization and diffusion of technologies. The paper finds preliminary evidence that the changing trade-income relationship matters, although the quantifiable effects do not appear to be large.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/05/26374682/global-trade-slowdown-matter
dc.identifier.doi10.1596/1813-9450-7673
dc.identifier.urihttps://hdl.handle.net/10986/24512
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research working paper,no. WPS 7673;
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7673
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectGROWTH RATES
dc.subjectEMPLOYMENT
dc.subjectTRADE VOLUMES
dc.subjectPARTICULAR COUNTRY
dc.subjectECONOMIC GROWTH
dc.subjectACCOUNTING
dc.subjectPRODUCTION
dc.subjectCOUNTRY FIXED EFFECTS
dc.subjectSTRUCTURAL CHANGE
dc.subjectINCOME
dc.subjectFIXED CAPITAL FORMATION
dc.subjectEMERGING ECONOMIES
dc.subjectEXCHANGE
dc.subjectREAL GDP
dc.subjectINFORMATION
dc.subjectEXPORTS
dc.subjectELASTICITY
dc.subjectDEVELOPING ECONOMIES
dc.subjectWELFARE
dc.subjectEFFECTS
dc.subjectECONOMIC POLICY
dc.subjectVARIABLES
dc.subjectCAPITAL STOCK
dc.subjectGLOBAL GROSS DOMESTIC PRODUCT
dc.subjectINPUTS
dc.subjectREAL INCOME
dc.subjectTRADE PERFORMANCE
dc.subjectECONOMIC OUTLOOK
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectECONOMIC OUTLOOK
dc.subjectCENTRAL BANK
dc.subjectGROSS EXPORTS
dc.subjectGLOBAL ECONOMY
dc.subjectEXPORT GROWTH
dc.subjectREAL GDP
dc.subjectADVANCED ECONOMIES
dc.subjectVALUE‐ADDED
dc.subjectCAPITAL FORMATION
dc.subjectEXCHANGE RATES
dc.subjectSPECIALIZATION
dc.subjectLABOR PRODUCTIVITY
dc.subjectPRODUCTIVITY
dc.subjectEMERGING MARKET
dc.subjectEXPORT VOLUME
dc.subjectFINANCIAL CRISES
dc.subjectORGANIZATIONS
dc.subjectMETAL PRODUCTS
dc.subjectACCESS
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectIMPORTS
dc.subjectLABOR
dc.subjectGROSS EXPORTS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectLIBERALIZATION
dc.subjectMARKET ECONOMIES
dc.subjectTRADE VOLUME
dc.subjectCOMMODITY EXPORTS
dc.subjectDATA AVAILABILITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectVALUE ADDED
dc.subjectKNOWLEDGE SPILLOVERS
dc.subjectINTERNATIONAL PRODUCTION
dc.subjectECONOMIC PERFORMANCE
dc.subjectFINANCIAL CRISIS
dc.subjectFUTURE
dc.subjectVALUE
dc.subjectCOMPETITIVENESS
dc.subjectFIXED CAPITAL
dc.subjectWORLD ECONOMY
dc.subjectDIVISION OF LABOR
dc.subjectDEMAND
dc.subjectEXPORT OPPORTUNITIES
dc.subjectAGGREGATE DEMAND
dc.subjectINCOMES
dc.subjectFIRM PERFORMANCE
dc.subjectMETAL PRODUCTS
dc.subjectOPENNESS
dc.subjectTRADE LIBERALIZATION
dc.subjectECONOMICS
dc.subjectOUTPUT
dc.subjectREGRESSION ANALYSIS
dc.subjectDOMESTIC DEMAND
dc.subjectSIDE EFFECTS
dc.subjectTRADE DATA
dc.subjectTRADE
dc.subjectECONOMIC INTEGRATION
dc.subjectUSE VALUE
dc.subjectGDP
dc.subjectGOODS
dc.subjectTHEORY
dc.subjectGLOBAL TRADE
dc.subjectGROWTH RATE
dc.subjectVERTICAL SPECIALIZATION
dc.subjectRISK
dc.subjectINTERNATIONAL DIVISION OF LABOR
dc.subjectDEVELOPING ECONOMY
dc.subjectSHARE
dc.subjectCRISES
dc.subjectSUPPLY
dc.subjectEXPORT VOLUMES
dc.subjectWORLD TRADE
dc.subjectCOMMUNICATION
dc.subjectEXCHANGE RATE
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectINDUSTRIAL SECTOR
dc.subjectINTERMEDIATE INPUTS
dc.subjectCOMMODITY PRICES
dc.subjectCOMMODITY
dc.subjectPRICES
dc.subjectDEVELOPMENT POLICY
dc.subjectCOMPETITION
dc.titleDoes the Global Trade Slowdown Matter?en
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleDoes the Global Trade Slowdown Matter?
okr.date.disclosure2016-05-13
okr.date.doiregistration2025-04-07T08:24:39.566655Z
okr.date.doiregistration2025-04-08T16:11:44.168195Z
okr.date.doiregistration2025-04-09T03:04:45.980728Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/05/26374682/global-trade-slowdown-matter
okr.guid533651467996728369
okr.identifier.doi10.1596/1813-9450-7673
okr.identifier.externaldocumentum090224b08432976a_1_0
okr.identifier.internaldocumentum26374682
okr.identifier.reportWPS7673
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/05/13/090224b08432976a/1_0/Rendered/PDF/Does0the0global0trade0slowdown0matter00.pdfen
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicInternational Economics and Trade::Capital Flows
okr.topicInternational Economics and Trade::Globalization and Financial Integration
okr.topicInternational Economics and Trade::Trade Policy
okr.topicInternational Economics and Trade::Trade and Multilateral Issues
okr.unitTrade and International Integration Team, Development Research Group and the Trade and Competitiveness Global Practice Group
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