[go: up one dir, main page]

  EconPapers    
Economics at your fingertips  
 

Trade linkages and the globalisation of inflation in Asia and the Pacific

Aaron Mehrotra and Raphael Auer

No 9949, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more closely together between those Asian economies that trade more with one another, ie that share a higher degree of trade intensity. Next, using a novel data set based on the World Input-Output Database (WIOD), we examine the importance of the supply chain for cross-border price spillovers at the sectoral level. We document the increasing importance of imported intermediate inputs for economies in the Asia-Pacific region and examine the impact on domestic producer prices of changes in costs of imported intermediate inputs. Our results suggest that real integration through the supply chain matters for domestic price dynamics in the Asia-Pacific region.

Keywords: Asian manufacturing supply chain; Globalisation; inflation; Price spillovers; Supply chain (search for similar items in EconPapers)
JEL-codes: E31 F14 F15 F4 F62 (search for similar items in EconPapers)
Date: 2014-04
New Economics Papers: this item is included in nep-int, nep-mac, nep-opm and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (51)

Downloads: (external link)
https://cepr.org/publications/DP9949 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Trade linkages and the globalisation of inflation in Asia and the Pacific (2014) Downloads
Working Paper: Trade linkages and the globalisation of inflation in Asia and the Pacific (2014) Downloads
Working Paper: Trade Linkages and the Globalisation of Inflation in Asia and the Pacific (2014) Downloads
Working Paper: Trade linkages and the globalisation of inflation in Asia and the Pacific (2014) Downloads
Working Paper: Trade linkages and the globalisation of inflation in Asia and the Pacific (2014) Downloads
Working Paper: Trade linkages and the globalisation of inflation in Asia and the Pacific (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:9949

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP9949

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2024-10-24
Handle: RePEc:cpr:ceprdp:9949